To send money, you simply use your phone’s keypad to enter the business’ phone number or ID, the amount of money to send, and your PIN. When a transaction is completed, the mobile network sends a SMS receipt to both the sender (buyer) and recipient (seller). If you’re the seller, you can see the SMS receipt and know that you’ve been paid.
However, businesses often have difficulty managing all the SMS receipts from mobile money systems, which are often siloed on their mobile phone.
By using the Telerivet Android app on a phone with a mobile money account, your SMS receipts will automatically be forwarded to Telerivet, and you can easily view and search them from the Messages page in your browser, like any other SMS message:
In addition, Telerivet has built-in support for parsing SMS receipts from certain mobile money systems, and extracting relevant information such as the transaction amount and type, and the other person's name and phone number. For supported mobile money systems, Telerivet adds a "Receipts" tab where you can easily view and filter your mobile money receipts:
On the Receipts page, you can search mobile money receipts by name or phone number, filter by transaction type, date, and amount, and export receipts to a spreadsheet (CSV). In addition, the Summary view shows the total and average transaction amount and fee for all types of receipts in the current filter:
The following mobile money systems are currently supported by Telerivet's Receipts page:
- Kenya - Safaricom M-Pesa
- Tanzania - Vodacom M-Pesa
- Tanzania - Tigo Pesa