Due to regulatory requirements and consumer demand in Germany and France, MoneyGram opened company stores in both countries. In 2011, a global network of agents of MoneyGram has grown up to 256 000 service points, thus its growth is 24% compared to the same period of the previous year. MoneyGram - is an urgent money transfer by means of wired transfer around the world without opening a bank account. MoneyGram International, Inc. - The U.S. financial company engaged in operations in the international financial markets since 1940. MoneyGram's consumers and agents expect reliability and safety and that is precisely what MoneyGram continues to deliver, transaction by transaction. As part of the 2008 Recapitalization, our wholly owned subsidiary, MoneyGram Payment Systems Worldwide, Inc., issued Goldman Sachs $500.0 million of senior secured second lien notes with a 10-year maturity. MoneyGram Last year, MoneyGram business in the CIS and Eastern Europe took priority positions to increase the number of branches in comparison with other regions - were opened new four thousand branches. Thousands of businesses count on MoneyGram for payment services to move money and drive commerce. This is a trust that MoneyGram takes very seriously. MoneyGram financial results were driven by money transfer business, which delivered more than 40 percent growth in transaction volume.