Revenue Recognition

12 Months Ended

Jun. 30, 2020

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, the Company provides innovative low-cost financial inclusion products, including banking, lending and insurance.

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 following 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