Case Study - WTA

The Challenge

Prior to using Travelex Global Business Payments (TGBP), the Sony Ericsson WTA Tour issued all tournament prize money in US currency and players would be responsible for their own foreign exchange and money transfers. In addition, the WTA were managing payments to more than 2,000 players from over 91 countries without an automated payment system, which meant they were spending time and effort processing players payments.

So, in 2006 Sony Ericsson WTA decided it needed a payment solution that enabled them to disburse players winnings promptly in their currency choice.

Sony Ericsson WTA’s Objectives

  • Implement a payments solution capable of managing all of WTA’s international payments activity
  • To provide tournament players fast access to their prize money in their preferred currency
  • Mitigate foreign exchange fees and offer competitive exchange rates for players

The Travelex Global Business Payments(TGBP) Solution

  • TGBP created an exclusive payment solution for the Sony Ericsson WTA Tour, the Preferred Traveler program, designed specifically to meet the needs
    of their tournament players
  • fx360 file upload allows WTA to manage all its International payments via single interface
  • The Sony Ericsson WTA Tour can now offer players access to their prize money—in their local currency
  • Tour players have access to all TGBP retail locations around the world
  • The program allows Sony Ericsson WTA to disburse prize money in the players currency of their choice
  • Players receive discounted on rates and fees


About Sony Ericsson WTA Tour

The Sony Ericsson WTA Tour is the world’s leading professional sport for women with more than 2,225 players representing 91 nations competing for more than $86 million in prize money at the Tour’s 53 events and four Grand Slams in 33 countries. More than 4.9 million people attended women’s tennis events in 2009 with millions more watching on television networks around the world. The Sony Ericsson WTA Tour season concludes with the Sony Ericsson Championships – Doha 2010 in Doha, Qatar, from October 26-31, and the Commonwealth Bank Tournament of Champions in Bali, Indonesia, from November 3-7. Further information on the Tour can be found on the Internet at www.sonyericssonwtatour.com