The growth in revenues was mainly driven by double-digit revenue growth contributions from service, data processing and international transaction revenues.

For the full year ended on 30 September 2012, its net income attributable to company was $2.1bn, with a decrease of 41.6% from $3.6bn during the last fiscal year.

Visa chairman and chief executive officer Joseph Saunders said strong financial performance is the result of its focus on growing its core business, accelerating expansion of its business outside the US and investing in next-generation payments technologies.

For the fiscal full year, its service revenues stood at $4.9bn, up by 14%, while Data processing revenues grew by 14% to $4bn over the prior year.

International transaction revenues, which are driven by cross-border volume, rose by 13% to $3bn, while other revenues, which include the Visa Europe licensing fee, stood at $704m, a 7% increase over the prior year.

Trading in over 200 nations, Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments with secure and reliable electronic payments.