Total Payment Volume, or TPV, is expected to be around R$84B to R$85B. For Q1, TPV grew 60% Y/Y to R$80B.
"The investments that we did in new ventures such as PagBank and hubs, they are already playing out delivering operating leverage to the bottom line," Éric Oliveira told analysts during the company's Q1 earnings call.
The payments industry in Brazil grew by 36% Y/Y, while PAGS grew by 60%, co-CEO Ricardo Dutra said during the call.
The company has several market growth opportunities in payments such as growing ~80% more than the industry on average, according to Dutra.