As per the latest reports, the Russian courts have ruled that tech-giant Samsung should halt the imports and sales of up to 61 models of its smartphones running Samsung Pay. The reason given by the court is that it infringes the patents owned by the SQWIN SA which is a switzerland-based mobile payments company.
Switzerland Company Claims Patent Over Technology In Russia
SQWIN SA has claimed that Samsung Pay is based on their electronic payment system. The company registered a patent for the technology in Russia around eight years back. The list includes 61 models including some of Samsung’s best 2021 phones like the latest Galaxy Z Flip and Fold flagships. Along with some of the budget models the 2017’s Galaxy J5.
ALSO READ: Samsung Is Our Most Important Partner on Android : Sundar Pichai
Back in July this year, the Moscow Arbitration Court rules in the favour of SQWIN SA for suing Samsung Electronics Russia Company over the protection of exclusive patent rights and banned the operation of the payment system of Samsung Pay.
Samsung Pay Is The Third Most Used Payment System In Russia
Samsung Pay is viewed as the third most utilized contactless installment framework in Russia with 17% of exchanges, following Apple Pay (30%) and Google Pay (32%). As per Counterpoint, Samsung kept up with its driving situation in the Russian cell phone market in Q1 2021.
It additionally worked on its internet based offer because of the solid exhibition of the Galaxy S21 series, Galaxy A51 and Galaxy A31 models. Be that as it may, Samsung’s total cell phone deals diminished in Q1 2021 contrasted with Q4 2020.
This comes after Samsung Pay recently made public an authorized report performed by Ketchum Research and Analytics as per which the new expansion in the contactless installments limit in the UK may be hazardous.
The exploration was completed by Ketchum Research and Analytics, for Samsung. A sum of 2,000 individuals matured 18+ were overviewed in the UK. Hands on work ran from 12 to 26 August 2021.
