Wednesday, Jul 6, 2022
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Samsung Not Allowed To Sell 61 Models Of Its Smartphones In Russia
Ads

Samsung not allowed to sell 61 models of its smartphones in Russia

By IANS
Published: Published Date - 12:30 PM, Sat - 23 October 21
Samsung not allowed to sell 61 models of its smartphones in Russia
SQWIN SA claims THAT Samsung Pay is based on its electronic payment system. The company registered a patent for the technology in Russia nearly eight years ago, reports PhoneArena.

Moscow: Russian courts have ruled that Samsung should halt imports and sales of up to 61 models of its smartphones running Samsung Pay, since it infringes patents owned by SQWIN SA – a Switzerland-based mobile payments company.

SQWIN SA claims THAT Samsung Pay is based on its electronic payment system. The company registered a patent for the technology in Russia nearly eight years ago, reports PhoneArena.

The list includes 61 models, including some of Samsung’s best 2021 phones like the latest Galaxy Z Flip and Fold flagships and also some budget models like 2017’s Galaxy J5.

In July, the Moscow Arbitration Court ruled in favour of SQWIN SA , suing Samsung Electronics Russian Company over the protection of exclusive patent rights, and banned the operation of the payment service Samsung Pay.

Samsung Pay is regarded as the third most used contactless payment system in Russia with 17 per cent of transactions, trailing Apple Pay (30 per cent) and Google Pay (32 per cent).

According to Counterpoint, Samsung maintained its leading position in the Russian smartphone market in Q1 2021.

It also improved its online share due to the strong performance of the Galaxy S21 series, Galaxy A51 and Galaxy A31 models.

However, Samsung’s total smartphone sales decreased in Q1 2021 compared to Q4 2020.

  • Follow Us :
  • Tags
  • Russia
  • Samsung

Related News

  • Sri Lanka’s petrol stocks about to run dry: Minister

    Sri Lanka’s petrol stocks about to run dry: Minister

  • Opinion: A new bipolar future

    Opinion: A new bipolar future

  • War should end before winter sets in: Zelensky tells G7

    War should end before winter sets in: Zelensky tells G7

  • Taliban expresses optimism over ties with international community

    Taliban expresses optimism over ties with international community

  • Sri Lanka to ration fuel by issuing token numbers

    Sri Lanka to ration fuel by issuing token numbers

  • Samsung to supply OLED panels to BMW for high-end sedan

    Samsung to supply OLED panels to BMW for high-end sedan

Latest News

  • Hyderabad: Balkampet temple festivities conclude

    1 hour ago
  • Opinion: This RRR flopped badly

    1 hour ago
  • Wimbledon 2022: Rafael Nadal defeats Taylor Fritz to reach semifinals

    1 hour ago
  • Property tax windfall for GHMC

    1 hour ago
  • Editorial: Dangerous trend

    1 hour ago
  • TSFDC working on long term plan to replace eucalyptus with sandalwood

    2 hours ago
  • The migration of communities

    2 hours ago
  • What’s the percentage of questions answered by you?

    2 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam