Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured, regardless of when the payment is being made. Revenue is measured at the fair value of the consideration received, taking into account contractually defined terms of payment and excluding taxes or duty. Rebates are also deducted.
Revenue from transaction processing services (revenue received from end users and FX income) is recognised at the time the customer transactions are fulfilled. End user fees are paid by end users and are calculated as a percentage of funds processed and/or as a charge per transaction.