- PagSeguro Digital Ltd PAGS clarified a "negligible" impact to 2022 revenue and net income from the Brazilian Central Bank hearing 89/2021 on capping debit and prepaid card transaction interchange fees.
- PagSeguro considered the various moving parts and, analyzing internal data, ran multiple hypothetical scenarios.
- The conclusion was regardless of the outcome of the public hearing. The impact will be slightly positive for PagSeguro from 2023 from expected cost savings in the acquiring business interchange.
- PagSeguro's complimentary payments businesses of acquiring and cards issuance create a natural hedge for the company.
- Related Content: PagSeguro Shares Pop On Q3 Preliminary Results, Names New COO
- Price Action: PAGS shares traded higher by 4.44% at $36.71 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
