$myfile = "/home/dibon/AML_Data/test.csv";
$myfile = fopen("$myfile", "r") or die("Unable to open file!");

fgets($myfile); //First fgets to read over header line.

while($line=fgets($myfile)){
//Explode your line by space delimeter
$words=explode("|",$line);

DB::table('transaction_incremental')->insert(
['ReceiptNumber' => "$words[0]", 'InitiatingMSISDN' => "$words[2]"]
);

}