REVENUE

6 Months Ended

Jun. 30, 2023

REVENUE

REVENUE

NOTE 12 – REVENUE

The following table presents revenue recognized from contracts with customers as well as revenue from other sources, which consists of interest income:

	Three months ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
Revenue recognized at a point in time	$	141,231	$	135,063	$	273,123	$	261,006
Revenue recognized over time		10,210		9,634		20,274		19,790
Revenue from contracts with customers		151,441		144,697		293,397		280,796
Revenue from other sources		55,293		3,493		105,351		4,352
Total revenues	$	206,734	$	148,190	$	398,748	$	285,148

Based on the information provided to and reviewed by our Chief Operating Decision Maker (“CODM”), we believe that the nature, amount, timing, and uncertainty of our revenue and cash flows and how they are affected by economic factors are most appropriately depicted through our primary regional markets. The following table presents our revenue disaggregated by primary regional market, with revenues being attributed to the country (in the region) in which the billing address of the transacting customer is located, with the exception of global bank transfer revenues, where revenues are disaggregated based on the billing address of the transaction funds source.

	Three months ended				Six months ended
	June 30,				June 30,
	2023		2022		2023		2022
Primary regional markets
Greater China1	$	71,227	$	46,785	$	135,187	$	89,826
Europe2		41,699		31,035		80,320		59,495
Asia-Pacific2		27,385		20,168		52,766		39,187
North America3		26,041		20,518		51,577		40,795
South Asia, Middle East and North Africa2		21,711		16,851		41,656		32,263
Latin America2		18,671		12,833		37,242		23,582
Total revenues	$	206,734	$	148,190	$	398,748	$	285,148

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(1)Greater China is inclusive of mainland China, Hong Kong, Macao and Taiwan

(2)No single country included in any of these regions generated more than 10% of total revenue

(3) The United States is our country of domicile. Of North America revenues, the US represents $24,995 and $18,528 during the three months ended June 30, 2023 and 2022, respectively, and $49,571 and $38,310 during the six months ended June 30, 2023 and 2022, respectively.