December 10, 2019
PETERSBURG, FL, USA, December 10, 2019—The WTA (Women’s Tennis Association) and Cambridge Global Payments, a leading provider of international payments and foreign exchange transactions, announced today they will extend their global partnership through 2022.
As the Official and Exclusive International Payments Provider of the WTA, Cambridge has fulfilled prize money and corporate foreign exchange services for the WTA and its members since 2017. Cambridge will continue to provide the foreign exchange platform for facilitation of the payment of prize money between the WTA’s members, from tournaments to players, while also co-presenting meaningful financial marketing integrations to WTA fans around the world.
“Cambridge’s expertise in managing the Tour’s complex international foreign exchange affairs is a key area of our business and we’ve been fortunate to have their expert knowledge as they work seamlessly with players and tournaments all season long,” stated Steve Simon, WTA Chairman and CEO. “On the heels of a successful three-year partnership with excellent service, we look forward to continuing our collaboration and sharing their valuable service with the tennis audience.”
Cambridge Global Payment’s partnership with the WTA has been marked by history making moments and engaging storytelling, from exchanging the largest prize money check in the history of the sport at the recent Shiseido WTA Finals Shenzhen, to highlighting the significant narrative of equal pay in women’s tennis through experiential fan activations like “Tennis on the Thames” in 2018 and several video series such as “Evolution of Prize Money” and “My Favorite Places”, which launched in 2019.
“Over the course of the last three years we have had the privilege to act as the Official and Exclusive International Payments Provider for the WTA and their roster of talented players located around the globe. The team at Cambridge is incredibly excited about the multi-year renewal of our agreement and honored by the faith that the WTA and their players have in us,” said Mark Frey, President, Cambridge Global Payments. “We are proud of our affiliation with the WTA and look forward to continuing to service their cross-border payments requirements for many years to come.”
Founded by Billie Jean King in 1973 on the principle of equal opportunity for women in sports, the WTA is the global leader in women’s professional sport with more than 1,800 players representing 85 nations competing for a record $179 million in prize money. In 2018, the WTA was watched by a record-breaking global audience of 600 million. The 2019 WTA competitive season included 54 events and four Grand Slams in 29 countries, which culminated with the Shiseido WTA Finals Shenzhen, offering an unprecedented $14 million total prize purse and honoring the season’s top singles and doubles players. Further information on the WTA can be found at www.wtatennis.com.
About Cambridge Global Payments:
Cambridge Global Payments, a FLEETCOR company, is a leading provider of integrated cross-border payment services and currency risk management solutions. As a trusted partner for more than 25 years, Cambridge delivers innovative solutions designed to mitigate foreign exchange exposure and address unique business needs. Our award-winning capabilities and industry-leading technologies simplify the way businesses connect with the global marketplace. As one of the largest bank-independent providers globally, we are flexible and responsive, with offices and applicable licensing and regulatory approvals across North America, Europe, and Australia. Learn more at cambridgefx.com and follow us on Twitter and LinkedIn.
Amy Binder, WTA, email@example.com