Wednesday, 4 April 2012

Mobile Payment Startup-Hottest Companies-Alexander Samwer-Rocket Internet-Silicon Valley

What Took So Long? Germany’s Samwer Brothers Rumored to Launch a Square Clone Soon

Square, the mobile payment startup founded by Twitter co-founder Jack Dorsey, is one of Silicon Valley's hottest companies right now. It's no surprise then, that German clone factory Rocket Internet, which is run by brothers Mac, Oliver and Alexander Samwer, is now rumored to be developing its own blatant Square clone. According to German startup blog Deutsche Startups, the clone, which will supposedly be called Zenpay, is currently one of Rocket Internet's top priorities, though it is not clear when and where it will launch. The source that talked to Deutsche Startups, however, did indicate that Rocket Internet is planning to launch Zenpay "globally." Given the nature of these payment systems, however, this seems rather unlikely. read more..

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