Hernan's questions to PagSeguro Digital Ltd (PAGS) leadership • Q4 2024
Question
An analyst identified as Hernan asked about PagBank's appetite for growing its credit portfolio, particularly in non-collateralized loans, and questioned the decline in transaction activities revenue despite strong TPV growth.
Answer
Executive Ricardo da Silva explained the strategy is to grow secured loans faster than the market while cautiously expanding non-collateralized products. He emphasized focusing on gross profit rather than take rates due to the company's diversification into banking. CFO Artur Schunck clarified that a reclassification of taxes from transaction activities to financial income caused the apparent revenue decline, noting total revenue grew 18% year-over-year.