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. What are the main benefits of money transfers by MoneyGram? Simple - the money transfer procedure is maximally simplified. MoneyGram's total revenue for the 2nd quarter of 2012 was $ 330.1 million, having been increased on 7% compared to $ 310 million in Q2 2011. The main clients of MoneyGram are students, travelers, immigrants, expatriates, however, recently representatives of businesses who appreciate the advantages of fast and reliable money transfer, joined them. For the recipient MoneyGram service of wired transfer is free. All expenses will be paid by the sender at the time of sending money. 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. Until 2004, the owners of MoneyGram were Viad Corp and Travelers Express Company Inc. 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. Today, MoneyGram - is the second world leader by the growth of money transfers between individuals and the dynamics of international network services.