On July 27, 2021, the Moscow Arbitration Court satisfied the claim of the Swiss company “Squin SA” against Samsung Electronics Co Ltd. and its Russian representation in a dispute over the use of the invention “Electronic payment system” under patent No. 2686003 without the consent of the right holder.
Thus, the court banned the operation of the Samsung Pay payment service in Russia, as well as the import of devices with its support.
Samsung has 30 days to appeal this decision.
Samsung Pay, with a 17% share, ranks third in popularity among mobile payment services in the Russian market. In Russia, this service began operating in 2016.
“Squin SA” filed a lawsuit against a Korean company in Russia in 2020. The plaintiff’s arguments were confirmed by the relevant conclusions of the expert examination.