
	December 31, 2018								December 31, 2017
Legal obligors	Visa		Master		Hipercard		Total		Visa		Master		Hipercard		Total
Itaú		570,463		1,979,994		514,627		3,065,084		237,335		751,542		250,817		1,239,694
Bradesco		735,784		170,497		—		906,281		333,108		83,160		—		416,268
Banco do Brasil		566,537		153,633		—		720,170		287,334		84,504		—		371,838
CEF		133,882		173,208		—		307,090		69,974		83,684		—		153,658
Santander		247,950		871,976		—		1,119,926		122,614		310,946		—		433,560
Other (*)		386,808		1,069,323		—		1,456,131		141,802		393,999		—		535,801
Total card issuers (i)		2,641,424		4,418,631		514,627		7,574,682		1,192,167		1,707,835		250,817		3,150,819

Cielo—Elo		—		—		—		366,619		—		—		—		151,851
Cielo		—		—		—		91,402		—		—		—		80,464
Redecard		—		—		—		5,502		—		—		—		45,289
Amex		—		—		—		1,188		—		—		—		39,608
Vero		—		—		—		4,396		—		—		—		21,463
Other		—		—		—		34,367		—		—		—		31,864
Total acquirers (ii)		—		—		—		503,474		—		—		—		370,539

Other		—		—		—		26,523		—		—		—		991
Total other		—		—		—		26,523		—		—		—		991

Total note receivables		2,641,424		4,418,631		514,627		8,104,679		1,192,167		1,707,835		250,817		3,522,349

(*)	Refers to other pulverized receivables from legal obligors.

(i)

Card issuers: receivables derived from transactions where PagSeguro Brazil acts as the financial intermediary in operations with the issuing banks, related to the intermediation agreements between PagSeguro Brazil and Visa, Mastercard or Hipercard. However, PagSeguro Brazil’s contractual note receivables are with the financial institutions, which are the legal obligors of the note receivables. Additionally, amounts due within 27 days of the original transaction date, including those that fall due with the first installment of installment receivables, are guaranteed by Visa, Mastercard or Hipercard, as applicable, in the event that the legal obligors do not make payment. PagSeguro Brazil started operating directly as a financial intermediary in 2016.

(ii)

Acquirers: refers to card processing transactions to be received from the acquirers, which are third parties acting as financial intermediaries between the issuing bank and PagSeguro Brazil. This balance also includes the receivables from sales of debit and credit card readers.