Trade PagSeguro Digital Ltd. - PAGS CFD

Trade PagSeguro Digital Ltd. - PAGS

About PagSeguro Digital Ltd

PagSeguro Digital Ltd is a provider of financial technology solution company. The Company is focused primarily on micro-merchants, small companies and medium-sized companies in Brazil. The Company offers multiple digital payment solutions, In-person payments via POS devices that we sell to clients, free digital accounts, and withdrawing account balances. Its end-to-end digital ecosystem enables its customers accept payments and manage their businesses. It offers safe, affordable, simple, mobile-first solutions for merchants to accept payments and manage their cash through their PagSeguro digital accounts, without the need for a bank account. Its digital account offers more than 30 cash-in methods and six cash-out options including its PagSeguro prepaid card, all using proprietary technology platform and backed by the trusted PagSeguro and UOL brands. Its digital ecosystem also features other digital financial services, business management tools and functionalities for its clients.

Financial summary

BRIEF: For the nine months ended 30 September 2021, PagSeguro Digital Ltd revenues increased 53% to R$7.21B. Net income applicable to common stockholders decreased 6% to R$864.7M. Revenues reflect Gross Turnover increase of 55% to R$5.28B, Gross financial income increase of 53% to R$2.41B. Net income was offset by Selling expenses - Balancing value increase from R$451.8M to R$1.1B (expense).