PagSeguro Expects Credit Portfolio to Reach BRL 25B by Dec 2029
PagSeguro Digital Ltd., a Brazilian financial technology company, expects its credit portfolio to reach 25 billion Brazilian reais (approximately $4.7 billion) by December 2029. This projection was made during the company's presentation on Thursday. PagSeguro operates in the digital payments and financial services sector, providing solutions for small and medium-sized businesses in Brazil. The company's credit portfolio expansion is part of its strategic plan to diversify its revenue streams and cater to the growing financial needs of its client base. The announcement reflects PagSeguro's confidence in the continued growth of its credit business and its ability to capitalize on the increasing demand for financial services in the Brazilian market.
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