MoneyGram International, one of the leaders in the market of international money transfers, announced about its entering the market of Bosnia and Herzegovina, started cooperation with the country's largest bank Nova Bank. Despite the debt crisis in Europe and other shocks experienced by the world economy, the company MoneyGram International notes the increase in the money transfer market. The benefits of money transfers by MoneyGram: payment of commission is only at the expense of sender. MoneyGram offers an efficient, fast and secure way to send money around the world. Until 2004, the owners of MoneyGram were Viad Corp and Travelers Express Company Inc. Money transfer wired system MoneyGram offers annually U.S. $ 500,000 in grants to charitable organizations to support education programs in developing countries.