as the payments landscape evolves , we may increasingly face competition from emerging players in the payment space , many of which are non-financial institution networks that have departed from the more traditional 201cbank-centric 201d business model . the emergence of these potentially competitive networks has primarily been via the online channel with a focus on ecommerce and/or mobile technologies . paypal , google and isis are examples . these providers compete with visa directly in some cases , yet may also be significant partners and customers of visa . based on payments volume , total volume and number of transactions , visa is the largest retail electronic payments network in the world . the following chart compares our network with those of our major general purpose payment network competitors for calendar year 2011 : company payments volume volume transactions cards ( billions ) ( billions ) ( billions ) ( millions ) visa inc. ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3768 $ 6029 77.6 2011 .

Table:
company | paymentsvolume ( billions ) | totalvolume ( billions ) | totaltransactions ( billions ) | cards ( millions )
visa inc. ( 1 ) | $ 3768 | $ 6029 | 77.6 | 2011
mastercard | 2430 | 3249 | 39.8 | 1059
american express | 808 | 822 | 5.3 | 97
discover | 114 | 122 | 1.9 | 59
jcb | 160 | 166 | 1.4 | 77
diners club | 28 | 29 | 0.2 | 6
( 1 ) visa inc .
figures as reported on form 8-k filed with the sec on february 8 and may 2 , 2012 , respectively .
visa figures represent total volume , payments volume and cash volume , and the number of payments transactions , cash transactions , accounts and cards for products carrying the visa , visa electron and interlink brands .
card counts include plus proprietary cards .
payments volume represents the aggregate dollar amount of purchases made with cards carrying the visa , visa electron and interlink brands for the relevant period .
total volume represents payments volume plus cash volume .
the data presented is reported quarterly by visa 2019s clients on their operating certificates and is subject to verification by visa .
on occasion , clients may update previously submitted information .
sources : mastercard , american express , jcb and diners club data sourced from the nilson report issue 992 ( april 2012 ) .
includes all consumer and commercial credit , debit and prepaid cards .
some prior year figures have been restated .
currency figures are in u.s .
dollars .
mastercard excludes maestro and cirrus figures .
american express includes figures for third-party issuers .
jcb figures include third-party issuers and other payment-related products .
some figures are estimates .
diners club figures are for the 12 months ended november 30 , 2011 .
discover data sourced from the nilson report issue 986 ( january 2012 ) 2014u.s .
data only and includes business from third-party issuers .
for more information on the concentration of our operating revenues and other financial information , see item 8 2014financial statements and supplementary data 2014note 14 2014enterprise-wide disclosures and concentration of business included elsewhere in this report .
working capital requirements payments settlement due from and due to issuing and acquiring clients represents a substantial daily working capital requirement .
u.s .
dollar settlements are typically settled within the same day and do not result in a receivable or payable balance , while settlement currencies other than the u.s .
dollar generally remain outstanding for one to two business days , consistent with industry practice for such transactions. .

Question: what is the average payment per transaction of discover holders?
Answer: 60.0
Calculation: divide(114, 1.9)