Financial ExpensesFinancial expenses expanded 42% year-over-year, reflecting higher average Selic rates.
TPV Growth DecelerationTPV growth decelerated to 16% year-over-year, reflecting deceleration of both large accounts and MSMBs, negatively impacted by churn related to the repricing strategy, tough comps, and client mortality.
TPV Market SharePagSeguro lost 44 basis points of TPV market share this quarter, indicating intensifying competition in the industry.