The company sources key components for its POS devices, including chip and pin readers, from a limited number of suppliers, which may result in risks such as shortages, price increases, delays, or discontinuations. It maintains commercial relationships and supply agreements with three manufacturers or their representatives in Brazil: PAX Brazil, Cal-Comp Indústria e Comércio de Eletrônicos e Informática Ltda. (Cal-Comp Brazil), and Gertec Brasil Ltda. (Gertec). The company purchases POS device hardware from representatives of PAX Technology, Inc. and its affiliates in Brazil but does not have direct commercial arrangements with PAX Technology. The company develops and installs its own software on the POS devices sourced from third parties to retain control over data and security, without sharing customer or transaction information with suppliers. An investigation into PAX Technology by U.S. authorities was disclosed in October 2021 and has since been concluded. Any investigations involving POS device suppliers could adversely affect the global market as well as the company's business and reputation.
Pagseguro Digital Ltd's Comment on Supply Chain
The company sources key components for its POS devices, including chip and pin readers, from a limited number of suppliers, which may result in risks such as shortages, price increases, delays, or discontinuations. It maintains commercial relationships and supply agreements with three manufacturers or their representatives in Brazil: PAX Brazil, Cal-Comp Indústria e Comércio de Eletrônicos e Informática Ltda. (Cal-Comp Brazil), and Gertec Brasil Ltda. (Gertec). The company purchases POS device hardware from representatives of PAX Technology, Inc. and its affiliates in Brazil but does not have direct commercial arrangements with PAX Technology. The company develops and installs its own software on the POS devices sourced from third parties to retain control over data and security, without sharing customer or transaction information with suppliers. An investigation into PAX Technology by U.S. authorities was disclosed in October 2021 and has since been concluded. Any investigations involving POS device suppliers could adversely affect the global market as well as the company's business and reputation.
Sources:
Pagseguro Digital Ltd 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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