UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2022
Commission File Number: 001-38353
PagSeguro Digital Ltd.
(Name
of Registrant)
Av. Brigadeiro Faria Lima, 1384, 4º andar, parte A
São Paulo, SP, 01451-001, Brazil
+55 (11) 3038 8127
(Address
of Principal Executive Office)
Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form
40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule
101(b)(1):
Yes ☐ No ☒
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule
101(b)(7):
Yes ☐ No ☒
PagBank PagSeguro clarifies position on
expected 2023 impact of BCB Resolution
246/2022
São Paulo, September 26, 2022 —
PagSeguro Digital Ltd., or PagBank PagSeguro (NYSE: PAGS), wishes
to clarify certain information in light of the release of
Resolution 246/2022 issued by the Brazilian Central Bank this
morning. PAGS reinforces the message in its previous press release
dated October 15, 2021: the expected impact on PAGS’s 2023 net
income is relatively negligible, anticipated to be around +1%/-1%,
given that the potential cost savings in PAGS’s merchant acquiring
unit related to the interchange cap on prepaid and debit cards
combined with the lower settlement period are expected to offset
lower revenues in PAGS’s card issuance unit.
The company will continue to diversify its portfolio and revenues
in PagBank, keeping its emphasis on broad financial inclusion,
which began with the payments industry.
About PagBank PagSeguro
PagBank PagSeguro is a disruptive provider of financial technology
solutions focused primarily on consumers, individual entrepreneurs,
micro-merchants, small companies, and medium-sized companies in
Brazil. Among its peers, PagBank PagSeguro is the only financial
technology provider in Brazil whose business model covers all the
following five pillars:
•Multiple
digital banking solutions
•In-person
payments via point of sale (POS) devices that PagSeguro Digital
provides to merchants
•Free
digital accounts that PagSeguro Digital provides to its consumers
and merchants with functionalities such as bill payments, top up
prepaid mobile phone credit, wire transfers, peer to peer cash
transfers, prepaid credit cards, cash cards, loans, investments, QR
code payments, and payroll portability, among other digital banking
services
•Issuer
of prepaid, cash and credit cards
•Operate
as a full acquirer
PagBank PagSeguro is an UOL Group Company that provides an easy,
safe and hassle-free way of owning a free PagBank digital account,
which is similar to a regular checking account linked to the
Brazilian Central Bank’s platform, with the feature of accepting
payments, where its clients can transact and manage their cash,
without the need to open a regular bank account. PagBank
PagSeguro’s end-to-end digital banking ecosystem enables
its customers to accept a wide range of online
and in-person payment methods, including credit cards,
debit cards, meal voucher cards, boletos, bank
transfers, bank debits and cash deposits.
PagBank PagSeguro’s mission is to disrupt and democratize financial
services in Brazil, a concentrated, underpenetrated and high
interest rate market, by providing an end-to-end digital banking
ecosystem that is safe, affordable, simple and mobile-first for
both merchants and consumers.
SOURCE: PagBank PagSeguro
Contacts:
Investor Relations
PagBank PagSeguro
+55 (11) 3914-9524
ir@pagseguro.com
investors.pagseguro.com
Forward-Looking Statements:
This press release includes “forward-looking statements” within the
meaning of the U.S. federal securities laws. Statements contained
herein that are not clearly historical in nature are
forward-looking, and the words “anticipate,” “believe,”
“continues,” “expect,” “estimate,” “intend,” “project” and similar
expressions and future or conditional verbs such as “will,”
“would,” “should,” “could,” “might,” “can,” “may,” or similar
expressions are generally intended to identify forward-looking
statements. We cannot guarantee that such statements will prove
correct. These forward-looking statements speak only as of the date
hereof and are based on our current plans, potential mergers and
acquisitions opportunities, estimates of future events,
expectations and trends (including trends related to the global and
Brazilian economies and capital markets, as well as the continuing
economic, financial, political and public health effects of the
coronavirus, or the COVID-19, pandemic.) that affect or may affect
our business, financial condition, results of operations, cash
flow, liquidity, prospects and the trading price of our
Class A common shares, and are subject to several known and
unknown uncertainties and risks, many of which are beyond our
control. As a consequence, current plans, potential mergers and
acquisitions opportunities, anticipated actions and future
financial position and results of operations may differ
significantly from those expressed in any forward-looking
statements in this press release. You are cautioned not to unduly
rely on such forward-looking statements when evaluating the
information presented. In light of the risks and uncertainties
described above, the future events and circumstances discussed in
this press release might not occur and are not guarantees of future
performance. Because of these uncertainties, you should not make
any investment decision based upon these estimates and
forward-looking statements. To obtain further information on
factors that may lead to results different from those forecast by
us, please consult the reports we file with the U.S. Securities and
Exchange Commission (SEC) and in particular the factors discussed
under “Forward-Looking Statements” and “Risk Factors” in our annual
report on Form 20-F filed with the SEC on May 2, 2022.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly
authorized.
Date: September 26, 2022
|
|
|
|
|
|
|
|
|
|
PagSeguro Digital Ltd. |
|
|
|
By: |
/s/ Artur Schunck |
|
Name: |
Artur Schunck |
|
Title: |
Chief Financial Officer, Chief Accounting Officer and Investor
Relations Officer
|
PagSeguro Digital (NYSE:PAGS)
Historical Stock Chart
From Dec 2022 to Jan 2023
PagSeguro Digital (NYSE:PAGS)
Historical Stock Chart
From Jan 2022 to Jan 2023
