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PagBank is a financial services and digital payments company based in São Paulo, Brazil and incorporated in the Grand Cayman, Cayman Islands. Founded in 2006, the company primarily offers payment processing software for e-commerce websites, mobile applications, point of sale terminals, and payment terminals. It has been traded as a public company on the New York Stock Exchange since January 2018 with the ticker symbol PAGS.

PagBank is part of Universo Online (UOL group), which, according to Ibope Nielsen Online, is Brazil’s largest Internet portal, with more than 50 million unique visitors and 6.7 billion page views every month.[3][4][5] In 2024, PagBank received the AAA highest level from Moody’s Ratings.[6][7]

History

In 2006, UOL formed the PagSeguro to be the company’s financial services platform. In January of the following year, UOL acquired BrPay, a Brazilian electronic payment company that was incorporated into PagSeguro 6 months later.[8][9]

In November 2008, the company was elected the best website of the year in the Electronic Commerce category by Info Exame readers.[8] [10] Also in 2008, it received the INFO Award, held by Editora Abril, in the same category: Electronic Commerce.[11]

By 2010, the company had more than 12 million registered users.[12] In 2012, it partnered with Horus, an electronic payment means fraud prevention company.[13]

In 2012, it partnered with Nokia to process payments via Near Field Communication (NFC), a technology that enables the safe data transmission by approaching two cell phones. It was the first company to implement NFC technology in Brazil.[14][15]

In 2013, it launched the MINI reader, a credit and debit card reader designed to enable payments via mobile applications. In that same year, it partnered with Cartão Mais! and iPAGARE Magento.[16]

It received the PCI-DSS (Payment Card Industry Data Security Standards) certification in 2013.[17]

In 2015, it was recognized as the “Best Payment Method” by the Congresso Afiliados Brasil (Brazil Affiliates Congress).[18]

In May 2023, the company officially rebranded, becoming PagBank. Technically, the company’s name was already PagBank PagSeguro, which encompassed its two business lines: digital banking and acquisitions.[19][20]

On June 6, 2025, PagBank announced its first dividend payment of USD 0.14 per share, with plans to distribute approximately 10% of net income as annual dividends.[21]

In April 2026, PagBank raised R$1.07 billion in its third public offering of financial letters in order to expand its banking division.[22]

Operations

PagBank is an e-commerce company that intermediates payment between sellers and buyers by offering a billing option via email for traders who do not have a site or a well-structured e-commerce platform; it has agreements with several banking institutions so that sellers can offer buyers different payment methods. These banking institutions receive the payment and transfer it to the seller after making sure that there was no fraud in the operation. The service offers over 25 payment methods.[23][24][25][26][27]

For purchases in which the customer neither receives the product, nor does it as agreed, a dispute (claim) can be started. PagBank mediates the dispute, in order to help the buyer to receive either the product or the money back, as well as to help the seller to have the transaction value refunded or to return it to the buyer.[12][28]

In May 2016, the company launched Split Payment, a tool that acts on transactions commissioning models. The tool was released in VTEX Day, the largest multi-channel retail event in Latin America, in which PagBank was also the master sponsor.[29][30]

In 2025, PagBank reported consolidated total revenues of R$20,410.5 million and net income attributable to shareholders of R$2,118.4 million.[2]

Machines and readers

PagBank launched a credit card payment terminal for credit sales with up to 12 installments, in 2013.[31][32][33][34]

In September 2014, it launched the Debit and Credit Reader MINI, a card reader designed for small businesses.[35][36][37] At the end of that year, it launched Moderninha, a machine for card operations, which does not request a cell phone and comes with a chip and an internet data plan included.[38]

In June 2016, PagBank launched “Moderninha Wifi” and in October of that year, it launched the “Moderninha Pro”.[39][40][41][42]

Cards

In August 2015, the company released a prepaid card with focus on the microentrepreneur, with a chip and under the MasterCard brand.[43][44][45]

Credit offering

PagBank has identified credit as one of its areas for long-term expansion, with an objective of reaching a R$25 billion credit portfolio by December 2029.[46]

In 2025, PagBank’s loan portfolio grew 33% to R$4.6 billion, supported by payroll loans, credit cards, and working capital.[46]

See also

References

  1. ^ “PAGSEGURO INTERNET LTDA” (in Portuguese). Jucesp Online. Retrieved December 8, 2017.
  2. ^ a b c “Consolidated financials 2025”. PagBank. Retrieved 2026-05-20.
  3. ^ ValorOnline (December 29, 2010). “João Queiroz Filho, da Hypermarcas, vai comprar 29% do UOL”. O Globo (in Portuguese). Retrieved December 3, 2014.
  4. ^ Valor Online (February 19, 2008). “UOL compra Digiweb e vira o terceiro maior provedor de hospedagem do país” (in Portuguese). O Globo. Retrieved December 3, 2014.
  5. ^ “O fenômeno do varejo”. Valor. Retrieved September 16, 2016.
  6. ^ “Moody’s Rating Awards”. Moodys.com. Retrieved 5 June 2026.
  7. ^ “PagBank posts record quarter with net income (Non-GAAP) of 542 million BRL”. Stocktitan.com. August 21, 2024. Retrieved 5 June 2026.
  8. ^ a b ““O que é PagSeguro”“. Alinha Certo. Archived from the original on October 5, 2017. Retrieved September 16, 2016.
  9. ^ ““PegSeguro Internet S.A”“. Jucesp. Retrieved December 7, 2017.
  10. ^ ““UOL launches new online payment service in Brazil”“. UOL. Archived from the original on October 5, 2017. Retrieved September 16, 2016.
  11. ^ ““Prêmio Info”“. Clube de Criação. Retrieved September 16, 2016.
  12. ^ ““Horus e PagSeguro comemoram aumento da segurança no e-commerce”“. E-commerce News. Archived from the original on October 1, 2016. Retrieved September 16, 2016.
  13. ^ ““PagSeguro e Nokia firmam parceria para pagamento móvel”“. Exame. Retrieved September 16, 2016.
  14. ^ ““PagSeguro lança serviço de NFC no Brasil, para pagamentos via celular”“. Tech Tudo. Retrieved September 16, 2016.
  15. ^ ““PagSeguro firma parceria com iPAGARE Magento”“. E-commerce News. Archived from the original on July 13, 2016. Retrieved September 16, 2016.
  16. ^ ““PagSeguro recebe certificação PCI-DSS”“. E-commerce News. Archived from the original on October 1, 2016. Retrieved September 16, 2016.
  17. ^ ““AFILIADOS BRASIL ENTREGA PRÊMIOS PARA PROFISSIONAIS DO MARKETING”“. Revista A Lista. Archived from the original on October 16, 2016. Retrieved September 16, 2016.
  18. ^ “PagBank PagSeguro vira PagBank com reposicionamento”. Propmark. Retrieved 2026-05-20.
  19. ^ “PagSeguro (PAGS) muda marca para PagBank e tem alta de 6% no lucro líquido no 1º tri”. Money Times. Retrieved 2026-05-20.
  20. ^ Adriana Cotias. “PagBank boosts Q1 profit, announces first dividend payment”. Valor International. Retrieved 2026-05-20.
  21. ^ “PagBank capta R$ 1,07 bi no mercado e mira expansão bancária”. Poder 360. Retrieved 2026-05-20.
  22. ^ ““Quais os Principais Meios de Pagamento Online e suas Taxas”“. Gestão Essencial. Archived from the original on October 14, 2016. Retrieved September 16, 2016.
  23. ^ ““Como receber pagamentos pelo Pagseguro UOL”“. Mundo das Tribos. Retrieved September 16, 2016.
  24. ^ ““Moderninha passa a aceitar cartões da Ticket”“. IDGNOW!. Archived from the original on November 26, 2016. Retrieved September 16, 2016.
  25. ^ ““PagSeguro lança site sobre doações com cartão”“. Jornal do Brasil. Archived from the original on October 6, 2016. Retrieved September 16, 2016.
  26. ^ ““Empresas de pagamento virtual querem facilitar a compra na internet”“. Valor Econômico. Retrieved September 16, 2016.
  27. ^ ““Problemas com sua compra? O PagSeguro pode te ajudar a resolver”“. Cidade CTA. Retrieved September 16, 2016.[permanent dead link]
  28. ^ ““PagSeguro apresenta Split Payment no Vtex Day 2016”“. Valor Agregado. Archived from the original on October 27, 2016. Retrieved September 16, 2016.
  29. ^ ““PagSeguro apresenta Split Payment no Vtex Day 2016”“. Portal Fator Brasil. Retrieved September 16, 2016.
  30. ^ ““Pagseguro lança leitor de cartão de crédito para smartphones”“. Extra Globo. Retrieved September 16, 2016.
  31. ^ ““PagSeguro quer lançar aplicativo para pagamento móvel”“. Exame. Retrieved September 16, 2016.
  32. ^ ““Africa divulga leitor de cartões mobile do PagSeguro”“. Exame. Retrieved September 16, 2016.
  33. ^ ““Pagseguro lança leitor de cartão de crédito para smartphones”“. O Globo. Retrieved September 16, 2016.
  34. ^ ““PagSeguro: mini leitor móvel para cartões”“. Baguete. Retrieved September 16, 2016.
  35. ^ ““PagSeguro lança leitor de cartão de débito e crédito MINI”“. IP News. Retrieved September 16, 2016.
  36. ^ ““Leitor de cartões transforma smartphones em ponto de venda”“. Exame. Retrieved September 16, 2016.
  37. ^ ““PagSeguro lança nova máquina de pagamentos sem taxa de aluguel”“. Bit Magazine. Retrieved September 16, 2016.
  38. ^ ““O fenômeno do varejo”“. Exame. Retrieved November 7, 2016.
  39. ^ ““PagSeguro, do UOL, lança nova versão da Moderninha”“. Yahoo Finanças. Retrieved November 7, 2016.{{cite web}}: CS1 maint: deprecated archival service (link)
  40. ^ ““PagSeguro lança a mais completa Moderninha Pro por 12 vezes de R$69,90”“. IGNow. Archived from the original on November 4, 2016. Retrieved November 7, 2016.
  41. ^ ““PagSeguro lança Moderninha Pro de olho nas PMEs”“. CanalTech. Retrieved November 7, 2016.
  42. ^ ““PagSeguro lança cartão pré-pago com foco no microempreendedor”“. Folha de São Paulo. Retrieved September 16, 2016.
  43. ^ ““Yes! O PagSeguro lançou cartão pré-pago”“. Minestore. Archived from the original on June 23, 2016. Retrieved September 16, 2016.
  44. ^ ““PagSeguro lança cartão pré-pago com foco no microempreendedor”“. Vivo – Destino Negócio. Archived from the original on September 27, 2016. Retrieved September 16, 2016.
  45. ^ a b André Marinho. “Cenário é desafiador, mas Pagbank mantém plano de expandir crédito, diz CEO”. Broadcast. Retrieved 2026-05-20.