What do you think is a single thing about your position that would be hard for them to replicate?

Yeah.

So, um, I think, uh, now we are in this era of, uh, artificial intelligence, right? And so, um, as you, as you know, uh, there is less and less value in the application layer, and I think more and more value in the data.

Okay? And, uh, that, I mean, that's a reality for all the software industry, I think.

And so a bank is a goldmine of data, so that's something we will have a better access to, and we can better leverage.

And our global competitors, they don't have access to this mine of data that we, that we have.

So I think that's something which is s- not replicable for our global, uh, competitors.

But what about merchants? Are they actually buying payments processing based on payment sovereignty, or are they still mainly focused on price, acceptance rate, uh, and reliability, uh, to be able to go with a payments processor?