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MarketScreener Homepage  >  Equities  >  Nyse  >  PagSeguro Digital Ltd.    PAGS   KYG687071012

PAGSEGURO DIGITAL LTD.

(PAGS)
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PagSeguro Digital : PagBank completes the acquisition of Wirecard Brazil (Moip)

11/04/2020 | 07:41am EST

PagSeguro PagBank completes the acquisition of

Wirecard Brazil (Moip)

São Paulo, Brazil, November 4, 2020 - PagSeguro Internet S.A. ("PagSeguro PagBank"), a disruptive provider of financial services and payments solutions, and a wholly-owned and fully-controlled subsidiary of PagSeguro Digital Ltd. (New York Stock Exchange: ticker PAGS), announces today that it has completed the acquisition of Wirecard Brazil S.A. ("Wirecard Brazil (Moip)") after obtaining all regulatory approvals.

As of today, Wirecard Brazil (Moip) becomes an integral part of the PagSeguro PagBank Group.

Wirecard Brazil (Moip) has an innovative and experienced team that has built powerful online payment solutions with more than 200 thousand customers, including e-commerce platforms, marketplaces and virtual store platforms. In addition, their online solutions are available through application programming interfaces (APIs) and are integrated into more than 40 virtual store platform systems (e-commerce).

Wirecard Brazil (Moip) offers a broad suite of multifunctional online payment solutions, including:

  • E-commerce: Several checkout and payment options used on thousands of merchant websites.
  • Recurrence: Merchants can easily schedule recurring charges and payments from their customers, such as periodic subscriptions and monthly fees.
  • Split Payments (with and without custody): Widely used by marketplaces to split payments and commissions in real time.
  • Anti-FraudScreening: Risk models and structured processes to guarantee one of the highest approval rates in the market (98.5% approval), with low chargeback rates.

For PagSeguro PagBank, the acquisition of Wirecard Brazil (Moip) will bring several advantages, starting with incremental Total Payment Volume. In addition, the combination of the key strengths of the PagSeguro PagBank Group (brand, complete portfolio of POS devices, reconciliation of transactions and PagBank) and of Wirecard Brazil (Moip) (a dynamic suite of online solutions that are complementary to PagSeguro PagBank's core solutions), will allow us to offer broader payment options and integrated end- to-end digital payment accounts that are 100% omnichannel for millions of customers.

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About PagSeguro

PagSeguro Digital is a disruptive provider of financial technology solutions focused primarily on consumers, individual entrepreneurs, micro-merchants, small companies, and medium-sized companies in Brazil. Among its peers, PagSeguro Digital is the only financial technology provider in Brazil whose business model covers all the following five pillars:

  • Multiple digital banking solutions
  • In-personpayments via point of sale (POS) devices that PagSeguro Digital provides to merchants
  • Free digital accounts that PagSeguro Digital provides to its consumers and merchants with functionalities such as bill payments, top up prepaid mobile phone credit, wire transfers, peer to peer cash transfers, prepaid credit cards, cash cards, loans, investments, QR code payments, and payroll portability, among other digital banking services
  • Issuer of prepaid, cash and credit cards
  • Operate as a full acquirer

PagSeguro Digital is an UOL Group Company that provides an easy, safe and hassle-free way of owning a free PagBank digital account, which is similar to a regular checking account linked to the Brazilian Central Bank's platform, with the feature of accepting payments, where its clients can transact and manage their cash, without the need to open a regular bank account. PagSeguro Digital's end-to-end digital banking ecosystem enables its customers to accept a wide range of online and in-person payment methods, including credit cards, debit cards, meal voucher cards, boletos, bank transfers, bank debits and cash deposits.

PagSeguro Digital's mission is to disrupt and democratize financial services in Brazil, a concentrated, underpenetrated and high interest rate market, by providing an end-to-end digital banking ecosystem that is safe, affordable, simple and mobile-first for both merchants and consumers.

SOURCE: PagSeguro

Contacts:

Investor Relations

PagSeguro Digital Ltd. +55 (11) 3914-9403/ 9524 ir@pagseguro.com investors.pagseguro.com

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This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

PagSeguro Digital Ltd. published this content on 04 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2020 12:40:01 UTC


© Publicnow 2020
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Sales 2020 6 798 M 1 244 M 1 244 M
Net income 2020 1 355 M 248 M 248 M
Net cash 2020 3 186 M 583 M 583 M
P/E ratio 2020 75,9x
Yield 2020 0,01%
Capitalization 101 B 18 444 M 18 452 M
EV / Sales 2020 14,4x
EV / Sales 2021 10,5x
Nbr of Employees 1 154
Free-Float 54,7%
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Mean consensus BUY
Number of Analysts 18
Average target price 286,05 BRL
Last Close Price 306,66 BRL
Spread / Highest target 26,3%
Spread / Average Target -6,72%
Spread / Lowest Target -56,8%
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NameTitle
Luiz Frias Chairman & Chief Executive Officer
Eduardo Alcaro Co-Chief Financial Officer & Director
Artur Schunck Co-CFO & Chief Accounting Officer
Maria Judith de Brito Director
Ricardo Dutra da Silva Director
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