Money20/20 USA: PagSeguro on Payments Solutions Innovation

Caio Costa, Managing Director at PagSeguro, Spoke to FinTech Magazine at Money20/20 USA About the Brazilian Firm's Payments Solutions and Future Plans

Money20/20 USA 2023 saw the leading lights of financial services come together in Las Vegas to connect and create the future of money.

FinTech Magazine caught up with Caio Costa, Managing Director at PagSeguro, to discuss the firm's payments solutions and ongoing expansion. 

PagSeguro's payments solutions

Shedding light on PagSeguro's payments solutions, Costa said: "Our solutions cover processing – pay in and payouts – in LATAM.

"Essentially, we are bringing new solutions. One of the solutions we're bringing is the compensation flow which [allows] the merchant [to] use their balance for payouts.

"When we look at LATAM, what's really important for merchants is one connection that will cover 17 countries and 140 payments methods. So, in one connection, they can access 660 million people using the local payment methods."

What's next for PagSeguro?

Looking ahead to 2024, Costa revealed the plan was to continue expanding into new verticals. 

"The PagSeguro International business was really concentrating on the gaming vertical," he added.

"What we're looking for is new verticals like betting, sports gaming, retail, travel, so you can see us acting in different verticals with really customised solutions."

To hear more from Caio Costa, simply follow the video link at the top of this story. 

Want to see more from Money20/20 USA 2023? Stay tuned to our website for more content, which will be rolled out in the coming days. 

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