The interlocking red and yellow circles, referred to as 'the Mastercard symbol', will now stand on its own across cards using the red and yellow brand mark, acceptance marks at retail locations both in the physical and digital worlds and major sponsorship properties.
"Reinvention in the digital age calls for modern simplicity," says Raja Rajamannar, chief marketing and communication officer at Mastercard. "And with more than 80% of people spontaneously recognising the Mastercard Symbol without the word ‘mastercard,’ we felt ready to take this next step in our brand evolution."
"We are proud of our rich brand heritage and are excited to see the iconic circles standing on their own," Rajamannar adds.
According to Mastercard, the red and yellow interlocking circles have been the hallmark of the brand for more than 50 years, symbolising the brand’s promise to connect people to priceless possibilities.
"We live in a time where, increasingly, we communicate not through words but through icons and symbols. Mastercard has had the great fortune of being represented by two interlocking circles – one red, one yellow – since its founding in 1966," adds Michael Bierut, partner at Pentagram.
“Now, by allowing this symbol to shine on its own, Mastercard enters an elite cadre of brands that are represented not by name, but by symbol: an apple, a target, a swoosh," Bierut says.
"Mastercard’s two interlocking circles have always represented its commitment to connecting people. Now, that commitment is given greater presence by Mastercard’s status as a symbol brand," Bierut concludes.
For more information, visit www.mastercard.co.za. You can also follow Mastercard on Facebook or on Twitter.