The benefits of money transfers by MoneyGram: there is no need to open a checking account when implementing the transfer. Money transfers via MoneyGram system can be used as by bank customers, and by people who do not have bank accounts. Technology continues to play a key role in increasing MoneyGram transaction speed, automating and streamlining processes, and creating new functionality. In the city of San Salvador representatives of MoneyGram and Citibank announced a new regional project, which will provide money transfer services in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. Bank services of MoneyGram on money transfer are available only to individuals. FormFreeSM phone-based offering allows businesses to reduce labor costs and create an excellent consumer experience by leveraging MoneyGram In March 2012, the company MoneyGram merged with the network of U.S. payment centers ZipZap.