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REVENUE | 9 Months Ended
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Sep. 30, 2024
REVENUE |
REVENUE | NOTE 16 – REVENUE ​ The following table presents revenue recognized from contracts with customers as well as revenue from other sources: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30, |  | Nine months ended September 30,
​ |  | 2024 |  | 2023 |  | 2024 | ​ | 2023
Revenue recognized at a point in time | ​ | $ | 179,641 | ​ | $ | 144,665 | ​ | $ | 510,188 | ​ | $ | 417,788
Revenue recognized over time | ​ |  | 719 | ​ |  | 537 | ​ | ​ | 1,873 | ​ | ​ | 16,265
Revenue from contracts with customers | ​ | $ | 180,360 | ​ | $ | 145,202 | ​ | $ | 512,061 | ​ | $ | 434,053
Interest income on customer balances | ​ | $ | 65,162 | ​ | $ | 60,416 | ​ | $ | 196,251 | ​ | $ | 165,767
Capital advance income | ​ | ​ | 2,752 | ​ | ​ | 2,417 | ​ | ​ | 7,665 | ​ | ​ | 6,963
Revenue from other sources | ​ | $ | 67,914 | ​ | $ | 62,833 | ​ | $ | 203,916 | ​ | $ | 172,730
Total revenues | ​ | $ | 248,274 | ​ | $ | 208,035 | ​ | $ | 715,977 | ​ | $ | 606,783
​ Based on the information provided to and reviewed by the Company’s Chief Operating Decision Maker (“CODM”), the Company believes that the nature, amount, timing, and uncertainty of its revenue and cash flows and how they are affected by economic factors are most appropriately depicted through its primary regional markets. The following table presents the Company’s revenue disaggregated by primary regional market, with revenues being attributed to the country (in the region) in which the billing address of the transacting customer is located, with the exception of global bank transfer revenues, where revenues are disaggregated based on the billing address of the transaction funds source. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended |  | Nine months ended
​ | ​ | September 30, | ​ | September 30,
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023
Primary regional markets |  | ​ |  |  | ​ |  | ​ | ​ | ​ | ​ | ​ | ​
Greater China1 | ​ | $ | 85,111 | ​ | $ | 72,513 | ​ | $ | 250,908 | ​ | $ | 207,700
Europe2 | ​ | ​ | 48,666 | ​ | ​ | 42,378 | ​ | ​ | 137,730 | ​ | ​ | 122,698
Asia-Pacific2 | ​ | ​ | 37,770 | ​ | ​ | 29,145 | ​ | ​ | 107,360 | ​ | ​ | 81,911
North America3 | ​ |  | 25,162 | ​ |  | 22,358 | ​ |  | 70,970 | ​ | ​ | 73,935
South Asia, Middle East and North Africa2 | ​ | ​ | 26,809 | ​ | ​ | 22,181 | ​ | ​ | 76,648 | ​ | ​ | 63,837
Latin America2 | ​ | ​ | 24,756 | ​ | ​ | 19,460 | ​ | ​ | 72,361 | ​ | ​ | 56,702
Total revenues | ​ | $ | 248,274 | ​ | $ | 208,035 | ​ | $ | 715,977 | ​ | $ | 606,783
(1) | Greater China is inclusive of mainland China, Hong Kong, Macao and Taiwan.
(2) | No single country included in any of these regions generated more than 10% of total revenue.
(3) | The United States is the Company’s country of domicile. Of North America revenues, the U.S. represents $24,030 and $21,348 during the three months ended September 30, 2024 and 2023, respectively, and $67,600 and $70,919 during the nine months ended September 30, 2024 and 2023, respectively.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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