Antonio Buichi

Antonio Buichi of Bank of America inquired about PagSeguro's credit lending appetite amid rising interest rates, its strategy for the Large Merchant & e-Commerce (LMEC) segment, and the reasons for higher personnel provisions.

Answer

Executive Ricardo da Silva stated that while unsecured lending is being piloted, the focus remains on growing the secured portfolio. For LMEC, he emphasized targeting profitable clients over market share. Executive Artur Schunck clarified that higher personnel provisions are for company-wide annual bonuses due to performance exceeding guidance.

Antonio Buichi of Bank of America asked about PagSeguro's credit lending appetite amid a high-interest-rate environment, its strategy for the Large Merchants & e-Commerce (LMEC) segment, and the reasons for increased personnel expenses.

Answer

Executive Ricardo da Silva noted a slight shift in credit appetite with pilots in unsecured lending, but affirmed the primary focus remains on growing the secured portfolio. For LMEC, he emphasized a strategy of targeting profitable, accretive clients rather than pursuing market share. Executive Artur Schunck clarified that higher personnel expenses were due to provisions for company-wide performance bonuses as results were tracking above guidance.