Revenue Recognition

6 Months Ended

Dec. 31, 2020

Revenue Recognition [Abstract]

Revenue Recognition

16.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 December 31, 2020:

			Processing		Financial services		Technology		Total
Processing fees			$	14,755	$	575	$	-	$	15,330
	South Africa			13,877		575		-		14,452
	Rest of world			878		-		-		878
Technology products				665		70		4,346		5,081
Telecom products and services				3,148		-		-		3,148
Lending revenue				-		5,288		-		5,288
Insurance revenue				-		1,613		-		1,613
Account holder fees				-		1,273		-		1,273
Other				244		76		252		572
	Total revenue, derived from the following geographic locations			18,812		8,895		4,598		32,305
		South Africa		17,934		8,895		4,598		31,427
		Rest of world	$	878	$	-	$	-	$	878

As discussed in Note 18, 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 December 31, 2019:

			Processing		Financial services		Technology		Total
			(as restated)						(as restated)(1)
Processing fees			$	14,938	$	1,298	$	-	$	16,236
	South Africa(1)			14,088		1,298		-		15,386
	Rest of world			850		-		-		850
Technology products				303		-		4,739		5,042
Telecom products and services				6,639		-		-		6,639
Lending revenue				-		5,384		-		5,384
Insurance revenue				-		1,372		-		1,372
Account holder fees				-		3,103		-		3,103
Other				967		160		15		1,142
	Total revenue, derived from the following geographic locations			22,847		11,317		4,754		38,918
		South Africa		21,997		11,317		4,754		38,068
		Rest of world	$	850	$	-	$	-	$	850

(1) Processing fees South Africa and Total column has been restated for the error described in Note 1.

16.Revenue recognition (continued)

Disaggregation of revenue (continued)

The following table presents our revenue disaggregated by major revenue streams, including a reconciliation to operating segments for the six months ended December 31, 2020:

			Processing		Financial services		Technology		Total
Processing fees			$	31,085	$	1,174	$	-	$	32,259
	South Africa			28,651		1,174		-		29,825
	Rest of world			2,434		-		-		2,434
Technology products				1,125		70		10,420		11,615
Telecom products and services				7,570		-		-		7,570
Lending revenue				-		9,488		-		9,488
Insurance revenue				-		3,070		-		3,070
Account holder fees				-		2,456		-		2,456
Other				550		157		276		983
	Total revenue, derived from the following geographic locations			40,330		16,415		10,696		67,441
		South Africa		37,896		16,415		10,696		65,007
		Rest of world	$	2,434	$	-	$	-	$	2,434

The following table presents our revenue disaggregated by major revenue streams, including a reconciliation to operating segments for the six months ended December 31, 2019:

			Processing		Financial services		Technology		Total
			(as restated)						(as restated)(1)
Processing fees			$	29,132	$	2,547	$	-	$	31,679
	South Africa(1)			27,083		2,547		-		29,630
	Rest of world			2,049		-		-		2,049
Technology products				543		-		11,633		12,176
Telecom products and services				15,933		-		-		15,933
Lending revenue				-		10,538		-		10,538
Insurance revenue				-		2,758		-		2,758
Account holder fees				-		8,363		-		8,363
Other				3,332		326		29		3,687
	Total revenue, derived from the following geographic locations			48,940		24,532		11,662		85,134
		South Africa		46,891		24,532		11,662		83,085
		Rest of world	$	2,049	$	-	$	-	$	2,049

(1) Processing fees South Africa and Total column has been restated for the error described in Note 1.