| Transaction Expenses |
23.
Transaction Expenses
| | |
December 31,
2025 | | |
December 31,
2024 | | |
December 31,
2023 | |
| | |
| | |
| | |
| |
| Processing fees | |
| (426,672 | ) | |
| (254,007 | ) | |
| (246,193 | ) |
| Third-party fraud prevention services (1) | |
| (83,062 | ) | |
| (90,616 | ) | |
| (110,465 | ) |
| PicPay card issuance expenses | |
| (111,914 | ) | |
| (66,690 | ) | |
| (39,241 | ) |
| Chargeback | |
| (33,454 | ) | |
| (48,589 | ) | |
| (37,408 | ) |
| Operating losses (2) | |
| (36,125 | ) | |
| (33,774 | ) | |
| (5,232 | ) |
| Total | |
| (691,227 | ) | |
| (493,676 | ) | |
| (438,539 | ) |
| (1) | Verification and processing expenses incurred as a result of
user transactions, such as identity verification and biometric identification services, among others. |
| (2) | Amounts related to expenses generated by events of fraud from
financial transactions processed by acquirers and card issuers and/or operating errors. |
|