Pagseguro Digital (PAGS) has released an update.
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PagSeguro Digital Ltd., also known as PagBank, has reported an impressive first quarter in 2024, with a record net income growth of 33.2% year-on-year to R$522 million on a non-GAAP basis. The company’s total payment volume and total deposits have also seen significant increases, indicating a robust performance across its various merchant segments. This financial growth reflects the strong market position of PagBank’s integrated solutions for payments, banking, and value-added services.
For further insights into PAGS stock, check out TipRanks’ Stock Analysis page.