competition we compete in the global payment marketplace against all forms of payment , including paper- based forms ( principally cash and checks ) , card-based payments ( including credit , charge , debit , atm , prepaid , private-label and other types of general-purpose and limited-use cards ) and other electronic payments ( including wire transfers , electronic benefits transfers , automatic clearing house , or ach , payments and electronic data interchange ) .
within the general purpose payment card industry , we face substantial and intense competition worldwide in the provision of payments services to financial institution customers and their cardholder merchants .
the leading global card brands in the general purpose payment card industry are visa , mastercard , american express and diners club .
other general-purpose card brands are more concentrated in specific geographic regions , such as jcb in japan and discover in the united states .
in certain countries , our competitors have leading positions , such as china unionpay in china , which is the sole domestic inter-bank bankcard processor and operates the sole domestic bankcard acceptance mark in china due to local regulation .
we also compete against private-label cards , which can generally be used to make purchases solely at the sponsoring retail store , gasoline retailer or other merchant .
in the debit card market segment , visa and mastercard are the primary global brands .
in addition , our interlink and visa electron brands compete with maestro , owned by mastercard , and various regional and country-specific debit network brands .
in addition to our plus brand , the primary cash access card brands are cirrus , owned by mastercard , and many of the online debit network brands referenced above .
in many countries , local debit brands are the primary brands , and our brands are used primarily to enable cross-border transactions , which typically constitute a small portion of overall transaction volume .
see item 8 2014financial statements and supplementary data for financial information about geographic areas .
based on payments volume , total volume , number of transactions and number of cards in circulation , 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 2008 : company payments volume volume transactions cards ( billions ) ( billions ) ( billions ) ( millions ) visa inc. ( 1 ) .
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$ 2727 $ 4346 56.7 1717 .

Company
Payments Volume  (billions)
Total Volume  (billions)
Total Transactions  (billions)
Cards  (millions)
Visa Inc.<sup>(1)</sup>
$2,727
$4,346
56.7
1,717
MasterCard
1,900
2,533
29.9
981
American Express
673
683
5.3
92
Discover
106
120
1.6
57
JCB
63
68
0.7
60
Diners Club
30
31
0.2
7

( 1 ) visa inc .
figures as reported on form 8-k filed with the sec on april 29 , 2009 .
source : the nilson report , issue 924 ( april 2009 ) and issue 925 ( may 2009 ) .
note : visa inc .
figures exclude visa europe .
figures for competitors include their respective european operations .
visa figures include visa , visa electron , and interlink brands .
the visa card figure includes plus-only cards ( with no visa logo ) in all regions except the united states , but plus cash volume is not included .
domestic china figures including commercial funds transfers are excluded .
mastercard includes pin-based debit card figures on mastercard cards , but not maestro or cirrus figures .
american express includes business from third-party issuers .
jcb figures are for april 2007 through march 2008 , but cards are as of september 2008 .
transaction figures are estimates .
figures include business from third-party issuers. .

Question: Analyse this data from a financial earnings document. what is the average payment volume per transaction of visa inc?
Choices:
-48.09524
0.14109
48.09524
0.02079
340.875
Correct choice index: 2