Samsung no longer allowed to sell latest foldables in Russia
SQWIN SA is a Switzerland-based company that claims Samsung Pay is based on its electronic payment system. The company registered a patent for the technology in Russia nearly eight years ago. Samsung introduced its payment system in 2015 and expanded it to Russia toward the end of 2016.
For now, only Samsung Pay has been targeted. In July, the Moscow Arbitration Court passed a verdict in favor of SQWIN SA, and today, it revealed the names of Samsung phones that can no longer be sold in Russia.
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