The total operating revenues for the fiscal first quarter of 2012 were $2.55bn, compared to $2.24bn for the same period a year ago.

Operating income was $1.62bn, compared to $1.37bn for the same period in the previous year.

Payments volume growth, on a constant dollar basis, for the first quarter of 2012, was a positive 11% over the prior year at $994bn.

Cross-border volume, which refers to payments and cash volume where the issuing country is different from the merchant country, increased 13%.

Visa chairman and CEO Joe Saunders said that consumers’ desire to use their products is evident in the strong growth they see outside the US and the resiliency they are seeing in the US in the wake of debit regulation.

"We remain intensely focused on further growing our international business, partnering with financial institutions, merchants, technology providers and governments," added Saunders.