The fact that we also have a huge base of long tail clients also helps us because we are able to, let’s say, cut some promotions that it had in the past, and these clients, they are much more focused on getting the money as fast as possible than to the price itself. So I would say this is the main reason why we are able to increase prices and still gaining share and be more profitable than others. So not to say here, it’s not a, let’s say, more like the DNA of the company is attack DNA, self-service and so on. But I would say you that the value proposition that we have with banking plus acquiring and the instant settlement not to say the execution, customer service, one app, one-stop shop also help us. The combination of all of the things make us a different company and allow us to increase price in a very successful way.
Josh Siegler: Got it. That’s very helpful. And then for my follow-up, I was wondering if you are currently expecting traditional seasonality between debit and credit mix as we head into 4Q, especially considering the world’s comp impact?
Ricardo Dutra: Yes, we do expect a little bit increase in debit for the fact that people receive an additional seller in Brazil, so they have liquidity. We don’t know how it’s going to be this year that is said at the beginning, Josh, because people after the pandemic, they have a lot of debit. So we don’t know if they’re going to use this additional sale to pay back their debate to pay down their debits or if they’re going to use for consumption. But we do expect a little bit increase in debit as a percentage of our volumes in Q4.
Josh Siegler: Okay, that’s helpful. Thank you for answering my question.
Ricardo Dutra: Thank you very much.
Operator: Next question comes from Kaio Prato with UBS. Please go ahead.
Kaio Prato: Hello, everyone. Good night. Thanks for the opportunity. So I have on cash flow — here related to CapEx. It reached close to BRL250 million this quarter, while you continue to show negative net adds. I understand the moving parts on nano-merchants that you mentioned during the call, but I was wondering if you can give a little bit more color about your gross adds, all this has evolved during this year and more specifically in the third quarter. And moreover, how should we think about CapEx moving forward? And the second part of my question, if I may, if you can talk a little bit more about your expectations on the purchase of intangibles as well if we should expect the same pace of growth in 2023 or not? And what should be the drivers for that? Thank you very much.
Ricardo Dutra: Kaio, regarding the CapEx related to POS, we — if we exclude the nano-merchants, we are growing our base. So when you look at these numbers, the total number may be decrease in 12 months. But if excluding nano-merchants, we are growing double digit, more than high double-digits here, high teens if we look at the — excluding the nano-merchants So that’s why we’re still investing in CapEx, that’s the first thing. The second one is usually the merchants that we are getting different than they had in the past today as they are SMBs, they usually require POS with higher prices, so that’s why in volumes, they are a little bit small, but in absolute terms in reals, we don’t see this impact. The average price of these devices with printers and so on, they are a little bit higher.
