CheqOut set to disrupt African mobile payments industry

CheqOut, launching today, will allow anyone with an iPhone — and later an Android phone or BlackBerry — to accept credit card payments, by swiping cards through a plug-in card reader. While CheqOut is similar to Square (Twitter founder Jack Dorsey’s juggernaut electronic payment service) CheqOut is tailored for the African market. “We’ve done our research and adapted the Square concept for Africa. Our main focus has been on catering for the rich diversity of mobile handsets. Tablets still represent a tiny amount