Payment technology firm Innoviti has sued digital retail payments company Pine Labs for infringement on its patent for technology enabling Unified Payments Interface (UPI) at point of sale terminals. The company said it has filed the suit for infringement against Noida-based Pine Labs before the City Civil Court, Bengaluru and has been granted an “ex-parte ad interim injunction” against Pine Labs with effect from July 16, 2019.
This prevents Pine Labs from manufacturing, selling, distributing, exporting and dealing with this technology through its Plutus Smart or any other device in India, according to Innoviti.
“Pine Labs’ product infringes upon Innoviti’s technology,” said