Additionally, I want to highlight an exciting new product innovation that we launched in Japan with our longtime partner SMBC. It is a single flexible credential that a consumer can choose to use as a debit, credit or prepaid card. SMBC calls the product, NAME_1, and we think it could meaningfully enhance the buying experience for SMBC customers and users in many other countries around the world. 
Now to Europe. In Germany, we've signed a co-brand deal with Solaris and ADAC, which is Germany's largest automobile association with 21 million members. Visa is excited to be the new network of choice for one of the country's largest co-brand portfolios. In Israel, we renewed and expanded our relationship with our largest issuer, Bank Leumi. In Belgium, we recently reached agreements with six issuers to migrate over 2.6 million debit cards to Visa in the next few years, bringing our country total since 2021 to 6.5 million new Visa debit cards. And finally in Latin America, from December 2019 to 2022, we have grown our credentials by 1.5x and our merchant locations by almost 2.5x. Over that time period, the percentage of our total volume that is point- of-sale payments versus getting cash out of an ATM has grown from 46% to 59% demonstrating the cash digitization happening in the region. 
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