Cashenvoy seems like a start-up with potential, but for them to succeeed they face tough obstacles. A few amongst these include
- Low levels of trust with local consumers
- Competition with Paypal and related services,
- Convincing local merchants to use their service.
What Cashenvoy has on its side is one of the largest consumer market Africa, Nigeria. It also has the advantage of having access to a market which is growing increasingly frustrated with the lack of eCommerce solutions and the clamp down by pay pal on payments made to and from Nigeria. This growing population of people who want to both sell and receive payments will find Cashenvoy a useful start-up.
Cashenvoy is owned by L.A Systems a limited liability company located in Lagos, Nigeria.