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MasterCard to remove its name from logo

08.01.2019,13:07


January 8, Fineko/abc.az. Payment system MasterCard has made a decision to change its logo, removing from it the name of the Company.

MasterCard reports that the logo will contain only intersecting red and yellow circles.

"Today, over 80% of people recognize the MasterCard symbol without mentioning the Company’s name. Rethinking into the digital age requires modern simplicity. We felt ready to take the next step in the evolution of our brand," MasterCard Marketing Department’s head Raja Rajamannar said.

Company's statement says that the intersecting red and yellow circles have been the hallmark of MasterCard for more than 50 years, since its foundation in 1966.

At the end of 2018 it was reported that MasterCard’s net profit increased by 34.5% up to $4.96 bn for the first 9 months (compared with the 2017 same term).