On March 7, 2011, MoneyGram entered into a Recapitalization Agreement with THL, as the holder of all of the B Stock, and Goldman Sachs, as the holder of all of the B-1 Stock. Money transfer system MoneyGram International and the second largest bank in China - Bank of China, announced the start of service of MoneyGram at 200 offices Bank of China in Beijing. Technology continues to play a key role in increasing MoneyGram transaction speed, automating and streamlining processes, and creating new functionality. In MoneyGram were added or converted new currencies in an additional 29 countries during the past year, providing consumers with a wide array of currency payout options. What are the main benefits of money transfers by MoneyGram? Individual flexible service. The recipient has the opportunity to receive money at any MoneyGram office anywhere in the world. It is very convenient and quick to transfer money without opening accounts and having no payment cards, precisely due to this wired transfer system MoneyGram has become one of the most common worldwide.