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Revenue | 12 Months Ended
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Jun. 30, 2023
Revenue [Abstract] |
Revenue | 16. REVENUE The Company is a provider of digitized cash management solutions and merchant acquiring services, including an integrated platform for the distribution of value-added services; transaction processing services; financial inclusion products and services, and secure payment technology. The Company operates a payment processor in South Africa. The Company offers debit, credit and prepaid processing and issuing services for all major payment networks. In South Africa, the Company provides innovative low-cost financial inclusion products, including banking, lending and insurance. Disaggregation of revenue Certain revenue from the Company’s legacy processing activities which were ceased during the year ended June 30, 2021, have not been allocated to the Company’s current reportable operating segments and are presented as “Unallocated” in the table for the year ended June 30, 2021. The following table represents our revenue disaggregated by major revenue streams, including reconciliation to operating segments for the year ended June 30, 2023: Merchant Consumer Unallocated Total Processing fees $ 111,281 $ 26,159 $ 1,469 $ 138,909 South Africa 105,957 26,159 1,469 133,585 Rest of world 5,324 - - 5,324 Technology products 19,017 1,253 - 20,270 South Africa 18,780 1,253 - 20,033 Rest of world 237 - - 237 Telecom products and services 322,756 45 - 322,801 South Africa 306,093 45 - 306,138 Rest of world 16,663 - - 16,663 Lending revenue - 19,504 - 19,504 Interest from customers 5,778 - - 5,778 Insurance revenue - 9,677 - 9,677 Account holder fees - 5,610 - 5,610 Other 4,869 553 - 5,422 South Africa 4,680 553 - 5,233 Rest of world 189 - - 189 Total revenue, derived from the following geographic locations 463,701 62,801 1,469 527,971 South Africa 441,288 62,801 1,469 505,558 Rest of world $ 22,413 $ - $ - $ 22,413 16. REVENUE (continued) The following table represents our revenue disaggregated by major revenue streams, including reconciliation to operating segments for the year ended June 30, 2022: Merchant Consumer Total Processing fees $ 55,752 $ 28,982 $ 84,734 South Africa 48,305 28,982 77,287 Rest of world 7,447 - 7,447 Technology products 25,891 277 26,168 South Africa 25,826 277 26,103 Rest of world 65 - 65 Telecom products and services 69,603 - 69,603 Lending revenue - 21,573 21,573 Interest from customers 1,121 - 1,121 Insurance revenue - 8,530 8,530 Account holder fees - 5,838 5,838 Other 4,310 732 5,042 South Africa 4,259 732 4,991 Rest of world 51 - 51 Total revenue, derived from the following geographic locations 156,677 65,932 222,609 South Africa 149,114 65,932 215,162 Rest of world $ 7,563 $ - $ 7,447 The following table represents our revenue disaggregated by major revenue streams, including reconciliation to operating segments for the year ended June 30, 2021: Merchant Consumer Unallocated Total Processing fees $ 29,585 $ 32,042 $ 1,693 $ 63,320 South Africa 27,960 32,042 - 60,002 Rest of world 1,625 - 1,693 3,318 Technology products 18,683 331 - 19,014 Telecom products and services 13,422 - - 13,422 Lending revenue - 20,672 - 20,672 Insurance revenue - 6,605 - 6,605 Account holder fees - 5,342 - 5,342 Other 1,254 1,157 - 2,411 Total revenue, derived from the following geographic locations 62,944 66,149 1,693 130,786 South Africa 61,319 66,149 - 127,468 Rest of world $ 1,625 $ - $ 1,693 $ 3,318

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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 https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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