PagSeguro, which opened for business in Brazil in 2006, made an initial public offering (IPO) of common stock on the New York Stock Exchange in January of this year. The company started out offering acquiring services only to smaller merchants selling online. It added in-store services to that same small merchant customer base in 2013. Last year, PagSeguro acquired $38.50 billion in purchases from 28 million active (at least one transaction in the last year) merchants. Purchase volume included Visa, Mastercard, Elo, Amex, and other card brands. In its early days, PagSeguro secured online tr...