The Association of Tennis Professionals (ATP) has recently announced an exciting new partnership with OFX, a prominent global payments company known for its expertise in simplifying and managing foreign exchange needs for businesses and individuals. The partnership is anticipated to bring significant enhancements to the financial services offered across the ATP Tour.
As part of this collaboration, OFX will provide a range of global payment solutions to ATP, including prize money payments, a prize money player platform, and corporate FX transactions. The primary objective of this partnership is to streamline payment processes, enhance data security, and expedite payments for players in their preferred currency.
Daniele Sanò, ATP’s Chief Business Officer, has expressed great enthusiasm for the partnership, particularly noting the record US$230 million in compensation that was distributed to players worldwide last season. Sanò believes that the services offered by OFX will enable ATP to optimize its financial operations, add value to the players, and create efficiencies across the global ecosystem.
Looking ahead, OFX will serve as the Official Prize Money Payment Partner of the ATP Tour until 2027, providing its top-tier currency exchange services throughout the global Tour. Josh Goines, OFX’s North American regional president, has also expressed excitement about the collaboration, emphasizing the company’s dedication to supporting the growth of ATP and its commitment to delivering seamless financial solutions to athletes worldwide.
Headquartered in Sydney, Australia, OFX has a strong global presence with offices in the U.S., Canada, U.K., Ireland, New Zealand, Hong Kong, and Singapore. The company is widely recognized for its leadership in international money transfer and currency exchange, boasting a remarkable track record of success and innovation. In addition to its partnership with ATP, OFX is also involved in prestigious sponsorships across various sports, including the ITF, Irish Legends Golf Tour, United Rugby Championships, and Super League Triathlon.
Overall, the collaboration between ATP and OFX represents a significant step towards enhancing financial services within the world of professional tennis. The partnership is expected to bring about positive changes in the way prize money payments are managed and processed, ultimately benefitting the players and adding value to the ATP Tour as a whole.