Square to be Cloned?

By  |  April 4, 2012
 | 

As Square continues to dominate the mobile payments sphere in the United States, a trio in Germany is looking to pull together a similar solution, according to a report by TechCrunch.

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    The rumor mill hints that Rocket Internet, run by brothers Mac, Oliver and Alexander Samwer, is developing its own Square clone named “Zenpay.” While details are scarce, the company did reveal that it plans to launch the payments tool globally.

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    And this is not Rocket Internet’s first foray into the cloning sphere. The company also launched CityDeal, a Groupon look-a-like, which eventually sold to the U.S.-based daily deals giant.

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