$PAGS released operating data for 1Q22, showing solid consolidated TPV growth of 87% YoY to R$152bn in 1Q22.

Moreover, acquiring TPV grew 1% QoQ and 60% YoY, reaching R$80bn in 1Q22. Meanwhile, non-acquiring TPV rose 9% QoQ and 57% YoY.

Even though the company is delivering solid volumes and revenue growth in the past Qs, I'm still concerned with higher rates pressuring the bottom line.