Revenue Recognition

9 Months Ended

Mar. 31, 2021

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 March 31, 2021:

			Processing		Financial services		Technology		Total
Processing fees			$	13,844	$	566	$	-	$	14,410
	South Africa			13,423		566		-		13,989
	Rest of world			421		-		-		421
Technology products				459		87		1,720		2,266
Telecom products and services				2,945		-		-		2,945
Lending revenue				-		5,474		-		5,474
Insurance revenue				-		1,709		-		1,709
Account holder fees				-		1,414		-		1,414
Other				225		76		309		610
	Total revenue, derived from the following geographic locations			17,473		9,326		2,029		28,828
		South Africa		17,052		9,326		2,029		28,407
		Rest of world	$	421	$	-	$	-	$	421

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 March 31, 2020:

			Processing		Financial services		Technology		Total
			(as restated)						(as restated)(1)
Processing fees			$	15,527	$	1,293	$	-	$	16,820
	South Africa(1)			13,963		1,293		-		15,256
	Rest of world			1,564		-		-		1,564
Technology products				241		-		3,830		4,071
Telecom products and services				3,704		-		-		3,704
Lending revenue				-		5,552		-		5,552
Insurance revenue				-		1,228		-		1,228
Account holder fees				-		2,525		-		2,525
Other				553		148		13		714
	Total revenue, derived from the following geographic locations			20,025		10,746		3,843		34,614
		South Africa		18,461		10,746		3,843		33,050
		Rest of world	$	1,564	$	-	$	-	$	1,564

(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 nine months ended March 31, 2021:

			Processing		Financial services		Technology		Total
Processing fees			$	44,929	$	1,740	$	-	$	46,669
	South Africa			42,074		1,740		-		43,814
	Rest of world			2,855		-		-		2,855
Technology products				1,584		157		12,140		13,881
Telecom products and services				10,515		-		-		10,515
Lending revenue				-		14,962		-		14,962
Insurance revenue				-		4,779		-		4,779
Account holder fees				-		3,870		-		3,870
Other				775		233		585		1,593
	Total revenue, derived from the following geographic locations			57,803		25,741		12,725		96,269
		South Africa		54,948		25,741		12,725		93,414
		Rest of world	$	2,855	$	-	$	-	$	2,855

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

			Processing		Financial services		Technology		Total
			(as restated)						(as restated)(1)
Processing fees			$	44,659	$	3,840	$	-	$	48,499
	South Africa(1)			41,046		3,840		-		44,886
	Rest of world			3,613		-		-		3,613
Technology products				784		-		15,463		16,247
Telecom products and services				19,637		-		-		19,637
Lending revenue				-		16,090		-		16,090
Insurance revenue				-		3,986		-		3,986
Account holder fees				-		10,888		-		10,888
Other				3,885		474		42		4,401
	Total revenue, derived from the following geographic locations			68,965		35,278		15,505		119,748
		South Africa		65,352		35,278		15,505		116,135
		Rest of world	$	3,613	$	-	$	-	$	3,613

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