What POS Software does for a money transfer service
A POS rings up each sale, takes M-Pesa and cash, prints a receipt and updates stock in one step. For a money transfer service, the value shows up exactly where the work is hardest.
Money transfer services track transactions, reconciliations, KRA compliance and fraud prevention. Money transfer margins come from service charges and spreads.
KRA and customers expect transparency, anti-money laundering compliance and fast settlements. Veira handles that as part of the same sale, so compliance is not a separate evening job.
Money Transfer Services run differently, and the software should too
A generic till misses the details that decide whether a money transfer service makes money. These are the ones that matter:
- 1
The daily reality
Transaction tracking and reconciliation. POS Software built for a money transfer service turns that into a number you can act on, and you also sell in seconds on a phone, tablet or the free Veira terminal.
- 2
Where the margin leaks
KRA compliance and reporting. POS Software built for a money transfer service turns that into a number you can act on, and you also take Buy Goods, Paybill and Pochi la Biashara payments at the till.
- 3
What slows the counter
Fraud detection and prevention. POS Software built for a money transfer service turns that into a number you can act on, and you also keep selling offline and sync the moment the network returns.
- 4
What buyers expect
Customer service and support. POS Software built for a money transfer service turns that into a number you can act on, and you also file a compliant eTIMS invoice on every sale automatically.
What to look for in POS Software for a money transfer service
- Offline mode that keeps the queue moving during outages. This matters for a money transfer service because of transaction tracking and reconciliation.
- M-Pesa built in so payments reconcile themselves. This matters for a money transfer service because of KRA compliance and reporting.
- eTIMS filing included, not a paid add on. This matters for a money transfer service because of fraud detection and prevention.
- Live reports you can open from your phone. This matters for a money transfer service because of customer service and support.
A notebook and a basic till, or Veira
| Notebook or basic till | Veira | |
|---|---|---|
| Counting stock | By hand, rarely matches the shelf | Live by item, branch and value |
| M-Pesa at the counter | Checked on a separate phone | Matched to each sale automatically |
| eTIMS invoices | Typed in later, if at all | Filed on every sale, even offline |
| Knowing your numbers | A monthly guess | Live margin and takings on your phone |
A real money transfer service example
A Nairobi money transfer service handling 1,000 transactions daily cannot track reconciliations or KRA compliance.
- Transaction tracking and reconciliation.
- KRA compliance and reporting.
- Fraud detection and prevention.
- Sell in seconds on a phone, tablet or the free Veira terminal.
- Take Buy Goods, Paybill and Pochi la Biashara payments at the till.
- Keep selling offline and sync the moment the network returns.
Every sale on Veira files a compliant KRA eTIMS invoice, online or offline. KRA and customers expect transparency, anti-money laundering compliance and fast settlements.
A POS rings up each sale, takes M-Pesa and cash, prints a receipt and updates stock in one step. Here is what that looks like with Veira:
- Sell in seconds on a phone, tablet or the free Veira terminal
- Take Buy Goods, Paybill and Pochi la Biashara payments at the till
- Keep selling offline and sync the moment the network returns
- File a compliant eTIMS invoice on every sale automatically
Related questions
Frequently asked questions
Is POS Software hard to set up for a money transfer service?
Does it keep working offline?
Does it handle M-Pesa for a money transfer service?
Is it KRA eTIMS compliant?
How much does POS Software cost for a money transfer service in Kenya?
Can it run more than one money transfer service?
Based on KRA eTIMS regulations and interviews with 5,000+ Kenyan businesses
Whether you run one money transfer service or several across Kenya, Veira gives you point of sale that fits the trade instead of fighting it. Book a free demo and see it work with your own domestic money transfers.