CashEnvoy can be described as Nigeria’s Paypal. The service allows you to send and receive money, as well as make payments on CashEnvoy enabled websites.
CashEnvoy performs payment processing for online vendors, auction sites, and other commercial users. It charges a transaction fee for receiving money (a percentage of the amount sent plus an additional fixed amount).

Source: http://timbuktuchronicles..com/2010/07/cashenvoy-nigerian-paypal.html and http://www.cp-africa.com/2010/07/16/nigerias-pay-pal-cashenvoy-send-receive-money-online/

CashEnvoy accounts can be funded with Interswitch Verve, Verified by Visa and GTB Mastercard(Coming soon).

Websites already using CashEnvoy can be found on The Nigerian Shopping Guide

Interview with one of CashEnvoy founders can be read on http://mobilemoneyafrica.com/archives/2050

Online businesses creates good source of income for a lot of people across the world. It’s about time this industry starts to grow in Nigeria. With the clamp down by paypal on payments made to and from Nigeria, a platform like CashEnvoy that charges no upfront integration fees could help in making this a reality. I think it’s a welcome development, don’t you think so?