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Pre-funded Social Welfare Grants Receivable
12 Months Ended
Jun. 30, 2020
Pre-funded Social Welfare Grants Receivable [Abstract]  
Pre-funded Social Welfare Grants Receivable

4. PRE-FUNDED SOCIAL WELFARE GRANTS RECEIVABLE

Pre-funded social welfare grants receivable represents primarily amounts pre-funded by the Company to certain merchants participating in the merchant acquiring system. The Company’s contract with the South African Social Security Agency expired on September 30, 2018, and therefore the Company no longer pre-funds social welfare grants. The July 2018 payment service commenced on July 1, 2018 but the Company pre-funded certain merchants participating in the merchant acquiring systems on the last day of June 2018.