Financial PerformanceThe deceleration was driven by weakness in the Fintech segment and Payment and Network segment, with both segments missing their growth targets.
Geopolitical And Economic ConditionsNavigating Argentina volatility has been challenging for many Fintechs, and concerns about Argentina inflation contribute to results as well as weaker-than-expected financial technology growth.
Market CompetitionThere are concerns about increased competition, particularly from Square, which is becoming more aggressive and moving upmarket.