Introduction
PagSeguro (PAGS) has shown significant resiliency during the pandemic, and it's now possible to evaluate the company based on its future potential. On one hand, loans and credit business segment is struggling, and will likely struggle for quite a while. On the other hand, PagSeguro is riding the wave of innovation and digital transformation brought about by lockdowns and stay-at-home order. PagSeguro's PagBank business segment is posting very high growth rates. Looking at similar business models such as Square's (SQ) and PayPal's (PYPL), and discounting the risks, this