For the latest quarter period, its net revenue was $1.8bn, with an increase of 9% from $1.6bn during the same period earlier year.

The company reported that on a constant currency basis, net revenue rose by 13% compared to the same period in 2011.

MasterCard president and CEO Ajay Banga said though economic uncertainties continued to persist, the firm experienced solid volume and processed transaction growth in all regions as it is focused on driving its global business to expand the reach of electronic payments.

"We are executing on strategic partnerships as demonstrated by our recent announcement with Deutsche Telekom and the completion of AliPay’s integration with the DataCash payment platform, which will expand AliPay’s reach to online retailers outside of China," Banga added.

The card network also took a pre-tax charge of $20m, related to the settlement in the ‘swipe fee’ lawsuit, the card company said.

Excluding the special item, total operating expenses increased by 6%, to $826m in the second quarter of 2012.