Figures published by the research portal Statista reveal that there were over 800 million credit cards by the brand in worldwide circulation as of 2017’s fourth quarter alone. Today, Mastercard continues to make it its business to mediate safe payments between the banks of sellers and the banks of consumers. Forty years after it was founded, Mastercard was listed on the New Your Stock Exchange as a publicly traded company. The company ditched its original brand name for Mastercard in 1979. Very suitable indeed considering Mastercard went on to become the most widespread credit card brand in the world. The name its founders have chosen bears some significance as the word ‘master’ carries an implication of dominance and superiority while “charge” implies purchasing a product or a service on credit. Founded in 1966, the brand was called MasterCharge at the time. MasterCard is one of the biggest providers of credit cards in the world.
MasterCard is a name known to anyone who has ever heard of a credit card.
