It said the logo will be removed from all children's replica shirts and training wear from the earliest possible opportunity which, due to kit production schedules, will be from the commencement of the 2016/17 season.
Wonga said the change follows Chairman Andy Haste's commitment, on his appointment in July, to review all the company's marketing to ensure that none of it could inadvertently appeal to the very young or vulnerable.
Wonga has already ended its puppets advertising campaign in the UK.
Newcastle United Managing Director Lee Charnley commented: "We understand and respect Wonga's position and are happy to support their decision."
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