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Revenue Recognition | 12 Months Ended
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Jun. 30, 2020
Revenue Recognition [Abstract] |
Revenue Recognition | 17. Revenue The Company is a leading provider of transaction processing services, financial inclusion products and services and secure payment technology. The Company operates market-leading payment processors in South Africa and internationally. The Company offers debit, credit and prepaid processing and issuing services for all major payment networks. In South Africa, t he Company provides innovative low-cost financial inclusion products, including banking, lending and insuran ce. Disaggregation of revenue The following table represents our revenue disaggregated by major revenue streams, including reconciliation to operating segments for the year ended June 30, 2020:
|  |  |  |  | South Africa |  | Rest of the world |  | Total
| South African transaction processing |  |  |  |  |  |  |  |
|  | Processing fees | $ | 62 552 |  | $ | - |  | $ | 62 552
|  | Other |  | 3 288 |  |  | - |  |  | 3 288
|  |  | Subtotal |  | 65 840 |  |  | - |  |  | 65 840
| International transaction processing |  |  |  |  |  |  |  |
|  | Processing fees |  | - |  |  | 5 041 |  |  | 5 041
|  |  | Subtotal |  | - |  |  | 5 041 |  |  | 5 041
| Financial services |  |  |  |  |  |  |  |
|  | Telecom products and services |  | 22 631 |  |  | - |  |  | 22 631
|  | Account holder fees |  | 12 628 |  |  | - |  |  | 12 628
|  | Lending revenue |  | 19 955 |  |  | - |  |  | 19 955
|  | Technology products |  | 18 261 |  |  | - |  |  | 18 261
|  | Insurance revenue |  | 5 212 |  |  | - |  |  | 5 212
|  | Other |  | 1 429 |  |  | - |  |  | 1 429
|  |  | Subtotal |  | 80 116 |  |  | - |  |  | 80 116
|  |  |  |  | $ | 145 956 |  | $ | 5 041 |  | $ | 150 997
The follow ing table represents our revenue disaggregated by major revenue streams, including reconciliation to operating segments for the year ended June 30, 2019
|  |  |  |  | South Africa |  | Rest of the world |  | Total
| South African transaction processing |  |  |  |  |  |  |  |
|  | Processing fees | $ | 79 379 |  | $ | - |  | $ | 79 379
|  | Welfare benefit distributions |  | 3 086 |  |  | - |  |  | 3 086
|  | Other |  | 6 583 |  |  | - |  |  | 6 583
|  |  | Subtotal |  | 89 048 |  |  | - |  |  | 89 048
| International transaction processing |  |  |  |  |  |  |  |
|  | Processing fees |  | - |  |  | 9 303 |  |  | 9 303
|  | Other |  | - |  |  | 539 |  |  | 539
|  |  | Subtotal |  | - |  |  | 9 842 |  |  | 9 842
| Financial services |  |  |  |  |  |  |  |
|  | Telecom products and services |  | 15 025 |  |  | - |  |  | 15 025
|  | Account holder fees |  | 17 428 |  |  | - |  |  | 17 428
|  | Lending revenue |  | 27 512 |  |  | - |  |  | 27 512
|  | Technology products |  | 20 594 |  |  | - |  |  | 20 594
|  | Insurance revenue |  | 5 858 |  |  | - |  |  | 5 858
|  | Other |  | 629 |  |  | - |  |  | 629
|  |  | Subtotal |  | 87 046 |  |  | - |  |  | 87 046
|  | Corporate/Eliminations – revenue refund (Note 14) |  | (19 709) |  |  | - |  |  | (19 709)
|  |  |  |  | $ | 156 385 |  | $ | 9 842 |  | $ | 166 227

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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