# PagBank / PagSeguro Digital

> Source: https://docs.barcoder.ai/docs/wallets/pagbank
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [PagSeguro/PagBank — official](https://pagseguro.uol.com.br/)

## Overview

**PagBank / PagSeguro Digital** is **Brazil's leading consumer + SMB end-to-end digital-banking ecosystem**, **NYSE-listed (PAGS)** <sup>[1][1], [2][2], [Brazil report](https://docs.barcoder.ai/docs/payments/BR)</sup>. **4Q25 baseline**:
- **Customers**: **34 million**
- **4Q25 recurring profit**: **R$ 678 million**
- **4Q25 ROAE**: **18.4%**

**PagBank ecosystem** <sup>[1][1]</sup>: payments + banking + cards + investments + insurance distribution + super-app under PagBank brand.

**2025 strategic + dividend updates** <sup>[3][3]</sup>:
- **June 2025 — first dividend payment** $0.14/share announced.
- **Plans**: ~10% of net income annual dividends.
- **September 2025**: Robust dividend policy — **R$623M distributed in 2025 + R$1.4B announced for 2026**.
- **Strategic targets**: R$25B credit-portfolio target by 2029.

**1H 2025 financials** <sup>[2][2]</sup>: EPS (diluted, GAAP) **+14.3%** driven by revenue diversification across payments + banking.

## History

**2006 — PagSeguro founded** <sup>[2][2]</sup> by **UOL (Universo Online; major Brazilian internet company)** as Brazilian payment-processor.

**2018 — NYSE IPO (PAGS)** — Brazilian-fintech US-listing.

**2019 — PagBank launches** <sup>[2][2]</sup> as PagSeguro's digital-banking arm with BCB authorization.

**2024 — 30M+ customer mark**.

**1H 2025 — +14.3% EPS growth** <sup>[2][2]</sup>.

**June 2025 — First dividend $0.14/share** <sup>[3][3]</sup>.

**September 2025 — Robust dividend policy R$623M 2025 + R$1.4B 2026 + R$25B credit-portfolio 2029 target** <sup>[3][3]</sup>.

**4Q25 — 34M customers + R$678M recurring profit + 18.4% ROAE** <sup>[1][1]</sup>.

## Ownership & operator

**Operating entity**: **PagSeguro Digital Ltd.** (NYSE: PAGS).

**Parent**: **UOL (Universo Online)** — major Brazilian internet company (PagSeguro 2006 launch context).

**Major shareholders**: **UOL** + **public float (NYSE: PAGS)** + various institutional + retail investors.

**Regulator**: **BCB (Central Bank of Brazil)** — PagBank since 2019 BCB authorization.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | PagBank mobile app (iOS + Android) + PagSeguro POS + PagSeguro API + PagSeguro Online Checkout |
| **Identifiers** | Card + PIX key + CPF (Brazilian tax ID) + bank account |
| **BR rail** | **[Pix](https://docs.barcoder.ai/docs/standards/pix)** (Banco Central do Brasil national instant-payment) |
| **Sub-products** | PagBank Account + PagBank Card + PagSeguro Pagamentos (payment processing) + PagSeguro POS + PagBank Investimentos + PagBank Insurance Distribution + super-app |
| **License** | BCB-authorized PagBank since 2019 |
| **Strategic targets** | R$25B credit-portfolio target by 2029 |

## Users & growth

**4Q25 baseline** <sup>[1][1]</sup>:
- **Customers**: 34 million
- **4Q25 recurring profit**: R$ 678 million
- **4Q25 ROAE**: 18.4%
- **1H 2025 EPS growth**: +14.3% (diluted GAAP)
- **June 2025 first dividend**: $0.14/share
- **Strategic 2026 dividend**: R$1.4B announced
- **2029 strategic target**: R$25B credit-portfolio

## Use cases

Brazilian consumer + SMB digital banking (34M customers); PagSeguro payment processing (cards + PIX); PagSeguro POS for SMBs; PagBank Investimentos + Insurance Distribution + super-app; dividend-policy-supported shareholder returns; credit-portfolio expansion (R$25B 2029 target).

## Implementations & partners

**Operator**: **PagSeguro Digital Ltd.** (NYSE: PAGS).

**Parent context**: **UOL (Universo Online)** — major Brazilian internet company.

**Major Brazilian competitors**:
- **[Stone / StoneCo](https://docs.barcoder.ai/docs/wallets/stone)** (StoneCo Ltd; NASDAQ: STNE; 1.7M+ businesses + Q3 2025 BRL 3.6B revenue + first BR non-bank payment institution by BCB 2017)
- **[Nubank](https://docs.barcoder.ai/docs/wallets/nubank)** (Nu Holdings; NYSE: NU; LATAM neobank giant; 100M+ customers)
- **[Mercado Pago](https://docs.barcoder.ai/docs/wallets/mercado-pago)** (BR + LATAM super-app)
- **[PicPay](https://docs.barcoder.ai/docs/wallets/picpay)** (BR mobile wallet covered Batch 11)
- **Cielo + Rede + GetNet** (BR traditional acquirers — Banco do Brasil + Bradesco + Itaú + Santander Brasil-anchored)

**Regulator**: **BCB**.

## Fun facts

- **2018 NYSE IPO (PAGS)** — Brazilian-fintech US-listing.
- **2006 founding by UOL** — Brazilian payment-processor pioneer.
- **2019 PagBank launch + BCB authorization**.
- **4Q25**: 34M customers + R$678M recurring profit + 18.4% ROAE.
- **June 2025 first dividend**: $0.14/share — distinctive Brazilian-fintech dividend policy.
- **September 2025 strategic updates**: R$623M distributed 2025 + R$1.4B announced 2026 + R$25B credit-portfolio target 2029.
- **1H 2025 EPS +14.3%** (diluted GAAP).

## Comparison

| Feature | PagBank | [Stone / StoneCo](https://docs.barcoder.ai/docs/wallets/stone) (BR rival; NASDAQ: STNE) | [Nubank](https://docs.barcoder.ai/docs/wallets/nubank) (BR neobank giant; NYSE: NU) | [Mercado Pago](https://docs.barcoder.ai/docs/wallets/mercado-pago) (BR + LATAM super-app) | Cielo (BR traditional acquirer) |
|---|---|---|---|---|---|
| Operator | **PagSeguro Digital Ltd. (NYSE: PAGS; UOL parent context)** | StoneCo Ltd. (NASDAQ: STNE) | Nu Holdings (NYSE: NU) | Mercado Pago (MercadoLibre; NASDAQ: MELI) | Cielo (Banco do Brasil + Bradesco JV) |
| Type | **BR consumer + SMB end-to-end digital-banking ecosystem (PagBank brand)** | BR SMB-focused payment processing + Stone Banco + Pagar.me + Linx vertical SaaS | LATAM neobank giant (BR + MX + CO) | LATAM super-app + wallet | BR largest acquirer by volume |
| Country | Brazil | Brazil | BR + MX + CO | 8 LATAM | Brazil |
| Users (4Q25) | **34 million + R$678M recurring profit + 18.4% ROAE** | 1.7M+ businesses + Q3 2025 BRL 3.6B revenue (+16% YoY) + +24% ROE | 100M+ customers | 72M+ | Largest BR acquirer |
| Listing | **NYSE: PAGS since 2018** | NASDAQ: STNE since 2018 | NYSE: NU | NASDAQ: MELI | B3-listed via Banco do Brasil + Bradesco parents |
| Distinctive | **2019 PagBank launch + BCB authorization; June 2025 first dividend $0.14/share; R$25B 2029 credit-portfolio target; UOL Brazilian-internet-company parent context** | First BR non-bank payment institution (BCB 2017); 2018 NASDAQ pioneering BR-fintech IPO; Berkshire Hathaway shareholder | LATAM neobank giant; $50B+ valuation; 100M+ customers | LATAM #1 super-app + wallet | BR traditional acquirer; Banco do Brasil + Bradesco-anchored |

## Status

**Active, Brazil's leading consumer + SMB end-to-end digital-banking ecosystem (NYSE-listed)** <sup>[1][1], [2][2]</sup>:
- **PagSeguro Digital Ltd. (NYSE: PAGS)** since 2006 (NYSE IPO 2018).
- **4Q25**: 34M customers + R$678M recurring profit + 18.4% ROAE.
- **June 2025 first dividend $0.14/share + R$1.4B 2026 dividend + R$25B 2029 credit-portfolio target**.
- **1H 2025 EPS +14.3%** (diluted GAAP).
- **BCB-regulated (PagBank since 2019)**.

## Sources

[1]: https://grokipedia.com/page/PagSeguro "PagSeguro — Grokipedia (4Q25 34M customers + R$678M)"
[2]: https://www.sec.gov/Archives/edgar/data/0001712807/000129281425003312/pags20250915_6k.htm "PagSeguro Digital Form 6-K FY2025 — SEC"
[3]: https://www.stocktitan.net/sec-filings/PAGS/6-k-pag-seguro-digital-ltd-current-report-foreign-issuer-afa729c913e1.html "PagSeguro 2025 annual report + dividend policy — StockTitan"
[4]: https://en.wikipedia.org/wiki/PagSeguro "PagBank — Wikipedia"
[br-cro]: https://docs.barcoder.ai/docs/payments/BR

- [1] [PagSeguro — Grokipedia][1]
- [2] [PagSeguro Form 6-K FY2025 — SEC][2]
- [3] [PagSeguro 2025 annual report + dividend — StockTitan][3]
- [4] [PagBank — Wikipedia][4]
- <sup>[Brazil report](https://docs.barcoder.ai/docs/payments/BR)</sup> In-corpus: `reports/countries/BR-brazil.md`

## Source

Biography extracted from [pagbank.md](https://docs.barcoder.ai/source/wallets/pagbank). See `matrix.md` for standards-support matrix if present.