Marcelo Theodoro: Of course our pricing has increased significantly, combining a better price strategy with a more efficient cost management. So for Bob’s comment, I’m very confident we are for sure on the top of the profitability versus digital players, which give us the foundation to grow and to have a better return on investment.
Sam Salvas: Got it. That’s super helpful color. Appreciate it. Then just a quick follow-up. Obviously, you guys aren’t providing any guidance for ’24. I guess is there any — any kind of color you guys could provide, whether it’s around transaction expectations relative to the fourth quarter or the third quarter? Any kind of preliminary thoughts kind of as we head into ’24?
Andras Bende: Yeah, I think, this is Andras — not at this time. I think that we did mention that we will be doing an Investor Day that will be coming together in February, where we’ll go through the year-end results and also give a broader picture of our strategy and the financials that will come behind that. So not at this point.
Sam Salvas: Yeah. Okay. Yeah, fair enough. All right. Thanks guys.
Robert Lisy: Thank you.
Operator: [Operator Instructions] Last question comes from the line of Alex Markgraff with KeyBanc Capital Markets. Please go ahead.
Alexander Markgraff: Thank you and thanks for taking my question. Just there’s been a lot of commentary on pricing and some of the observations this quarter. I’m just curious to kind of boil it down and maybe I’m oversimplifying it. But if I look at one of the model outputs being revenue per transaction fairly stable sequentially. Just curious if you all kind of think about this as the right level for the model, just for modeling purposes for the near term, considering some of the industry level factors around pricing, the success you’ve had more recently and that just general mix of the business considering La Nacional and I-Transfer. Any thoughts on that would be helpful?
Robert Lisy: Yes. I think we believe that we’ve made headway into being — as we’ve been able to, on one side, be aggressive to go after incremental wires that it may have been lost to the competition previously. We’ve been really good at making sure that we’re maximizing our margins related to our base business in our stronghold areas. I think where we are today is probably a really good view of where the revenue per transaction and margins would sit going forward. Obviously, that’s not guaranteed because your we’re not guiding on that, but I would tell you that we think that we have a good perspective and a good strategy today that should carry us through the near term.
Alexander Markgraff: Thank you. That’s veryful. And just one on the product side, thank you for the payroll and GPR comments. I think last quarter, you had mentioned a payroll card upgrade launch later this year. Just any sort of updates or thoughts or kind of detail as to what that entails would be helpful.
Marcelo Theodoro: The evolution of our payroll is happening. We are about to launch in two weeks, a completely redesigned program that connects even more the card program with the wire sending product. I think Andras mentioned in his notes that we are growing this cross-sell five times, which is exactly what we are looking for because then it makes an extremely profitable wire and still we make money out of the cards business. That’s the direction we are going. In Q1, we have launched the GPI card, another huge cross-sell opportunity for retail. We know that our consumers are unbanked or underserved. So this will bring them to a very expanded reality regarding purchases in the U.S. They can go to e-commerce, they can go to a subscription business, a bunch of services that they don’t have access today, and we believe they are head users due to their situation in U.S.
