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. The benefits of money transfers by MoneyGram: payment of commission is only at the expense of sender. MoneyGram - is an urgent money transfer by means of wired transfer around the world without opening a bank account. Around the world, MoneyGram is working with leading financial institutions. The company continues to automate and enhance MoneyGram 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. For the recipient MoneyGram service of wired transfer is free. All expenses will be paid by the sender at the time of sending money. The Global Funds Transfer segment is the primary segment of MoneyGram, providing money transfer and bill payment services to consumers, who are often unbanked or underbanked.