This Annual Report contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this Annual Report can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “plan,” “potential” and “should,” among others. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements appear in a number of places in this Annual Report and include, but are not limited to, statements regarding our intent, belief, or current expectations. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. While we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all relevant information. Such statements are subject to substantial risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various important factors, including, but not limited to, those identified in “Item 3.D. Key Information—Risk Factors.” In light of the significant uncertainties in these forward-looking statements, you should not unduly rely upon these statements nor regard these statements as a guarantee by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all.
Forward-looking statements include, but are not limited to, statements about:
| • | our expectations regarding our revenue, operating expenses and other operating results; |
| • | our ability to acquire new customers and successfully retain existing customers; |
| • | our ability to maintain profitability; |
| • | anticipated trends, the size and growth rates of the markets in which we compete; |
| • | market acceptance of our products and our ability to increase adoption of our products, including customers’ changes in digital adoption; |
| • | future investments in our business, including investments in our infrastructure, our anticipated capital expenditures and our estimates regarding our capital requirements; |
| • | our ability to adapt to technological change and industry trends and innovate solutions for our customers; |
| • | our ability to scale, enhance and adapt our infrastructure, develop or acquire new products and services and bring them to market in a timely manner; |
| • | our ability to effectively and responsibly develop, deploy and integrate artificial intelligence and machine learning technologies, and to comply with evolving laws and regulations governing their use; |
| • | the costs and success of our marketing efforts and our ability to maintain and enhance our brand; |
| • | our growth strategies, including our ability to manage our growth; |
| • | our ability to manage our international operations and expansion into new jurisdictions, including our exposure to foreign currency exchange rate fluctuations; |
| • | the estimated addressable market opportunity for our products and services generally; |
| • | our reliance on key personnel and our ability to attract and retain highly qualified personnel; |
| • | our ability to obtain, maintain, protect and enforce our intellectual property rights and any costs associated therewith; |
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| • | our ability to comply with applicable laws and regulations, including our ability to obtain and maintain required licenses, in the jurisdictions in which we currently and may in the future operate; |
| • | the effect of regulatory developments in the jurisdictions in which we currently and may in the future operate; |
| • | our ability to successfully identify acquisition targets, consummate acquisitions and successfully integrate acquired businesses and personnel; |
| • | the impact of unstable market and economic conditions, including as a result of actual or anticipated changes in interest and inflation rates and barriers to trade; |
| • | the impact of political instability, shifts in immigration patterns or policies, global travel, natural disasters, events of terrorism, wars and other global events on our business, industry and the global economy; |
| • | the performance, reliability, security and efficiency of our payments network, including the risk of service interruptions, outages or system failures; and |
| • | other risks and uncertainties, including those listed in “Item 3.D. Key Information—Risk Factors.” |
In addition, forward-looking statements contained in this Annual Report represent our views only as of the date of this Annual Report and should not be relied upon as representing our views as of any subsequent date. We anticipate that subsequent events and developments may cause our views to change. Although we may elect to update these forward-looking statements publicly at some point in the future, we specifically disclaim any obligation to do so, except as required by applicable law. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements.
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