"UnionPay, Visa, Mastercard, American Express, JCB, Discover and Diners Club credit, debit and prepaid card transactions to purchase goods and services will reach 1.109 trillion worldwide in 2029 according to the Nilson Report. Asia–Pacific is the top region for purchases made by credit, debit and prepaid cards, led by payments on the UnionPay network, headquartered in China. Purchase transactions in Asia–Pacific are projected to reach 520.14 billion in 2029, equal to 47% of the worldwide total. Europe will be the second largest region in 2029, followed by the United States, Latin America, Middle East & Africa and Canada."