Pagseguro Digital Ltd PAGS

A subsidiary of Universo Online S.A., Pagseguro Digital Ltd is a firm that specialises in financial technology solutions. Via its subsidiaries, the company offers its services to consumers, independent entrepreneurs, micro-merchants, and small- and medium-sized businesses in Brazil and across the world. The firm was established in 2006 and headquartered in Sao Paulo, Brazil.

The firm's products and services include the Pagseguro Ecosystem, a closed-loop digital ecosystem that enables clients to handle their primary daily financial needs, such as receiving and spending funds, as well as controlling and growing their businesses; the PagBank digital account, which provides banking services via the PagBank mobile app; and the Free Pagseguro digital account, which centralises numerous cash-in options, functionalities, services, and features. Additionally, the company provides online gaming and digital services to customers worldwide. It also offers value-added services and features such as purchase protection mechanisms, an antifraud platform, account and business administration tools, and a point-of-sale application.

Pagseguro shares are publicly listed on the NYSE under the ticker PAGS. In August 2021, Pagseguro announced its purchase of Concil, the industry leader in reconciliation that provides a comprehensive and scalable platform with a number of tools, including payments reconciliation, merchant discount rate auditing, and bank reconciliation, as well as plug-ins for the most popular ERP systems on the market.

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