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Revenue Recognition

3 Months Ended

Sep. 30, 2020

Revenue Recognition [Abstract]

Revenue Recognition

15.Revenue recognition

Disaggregation of revenue

The following table presents our revenue disaggregated by major revenue streams, including a reconciliation to operating segments for the three months ended September 30, 2020:

				Processing			Financial services			Technology			Total
	Processing fees			$	18,307		$	599		$	-		$	18,906
		South Africa			16,751			599			-			17,350
		Rest of world			1,556			-			-			1,556
	Technology products				460						6,074			6,534
	Telecom products and services				4,422						-			4,422
	Lending revenue				-			4,200			-			4,200
	Insurance revenue				-			1,457			-			1,457
	Account holder fees				-			1,183			-			1,183
	Other				306			81			24			411
		Total revenue, derived from the following geographic locations			23,495			7,520			6,098			37,113
			South Africa		21,939			7,520			6,098			35,557
			Rest of world	$	1,556		$	-		$	-		$	1,556

As discussed in Note 17, the Company’s chief operating decision maker changed the Company’s operating and internal reporting structures during the three months ended September 30, 2020. Previously reported information has been restated.The following table presents our revenue disaggregated by major revenue streams, including a reconciliation to operating segments for the three months ended September 30, 2019:

				Processing			Financial services			Technology			Total
	Processing fees			$	15,916		$	1,249		$	-		$	17,165
		South Africa			14,717			1,249			-			15,966
		Rest of world			1,199			-			-			1,199
	Technology products				240			-			6,894			7,134
	Telecom products and services				9,294			-			-			9,294
	Lending revenue				-			5,154			-			5,154
	Insurance revenue				-			1,386			-			1,386
	Account holder fees				-			5,260			-			5,260
	Other				2,365			166			14			2,545
		Total revenue, derived from the following geographic locations			27,815			13,215			6,908			47,938
			South Africa		26,616			13,215			6,908			46,739
			Rest of world	$	1,199		$	-		$	-		$	1,199

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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

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