NU Holdings Ltd (NU): The BCB Resolution 246 established that...

Reply Private New

Next 10 Prev Next

Send PM Follow Ignore

Followers	181
Posts	9256
Boards Moderated	3
Alias Born	08/16/2010

UpTickMeA$AP

Re: None

Monday, 09/26/2022 7:24:25 PM

Monday, September 26, 2022 7:24:25 PM

The BCB Resolution 246 established that the maximum limit for the interchange fee levied on all prepaid card transactions in Brazil will be 0.70%. The new rules come into force on April 1, 2023.

Interchange fees on prepaid cards represented 7.0% of the Company's revenue in the 12 months from July 2021 to June 2022. If the changes announced by Resolution BCB 246 were in effect since July 1st, 2021, the Company's revenue would have been adversely affected by 2.9%.

https://ih.advfn.com/stock-market/NYSE/nu-NU/stock-news/89143436/report-of-foreign-issuer-pursuant-to-rule-13a-16-o

Looks like roughly a 44 million hit to revenue. Not huge, but a decent slap. As long as growth continues in key metrics, no big deal.

DISCLAIMER: ALL MY POSTS ARE MY OWN PERSONAL OPINIONS AND NOT RECOMMENDATIONS TO BUY, SELL OR HOLD SECURITIES. DO YOUR OWN RESEARCH/DD AND MAKE YOUR OWN TRADING DECISIONS.

People kill for money. What makes you think they will not lie to you for yours?