Thousands of businesses count on MoneyGram for payment services to move money and drive commerce. This is a trust that MoneyGram takes very seriously. For the recipient MoneyGram service of wired transfer is free. All expenses will be paid by the sender at the time of sending money. In due time MoneyGram separated from the Western Union and became an independent brand. MoneyGram hired compliance officers in many of their global offices to ensure compliance with regulations of specific countries or regions. In the city of San Salvador representatives of MoneyGram and Citibank announced a new regional project, which will provide money transfer services in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. Commission income on remittances and other revenues of MoneyGram in the 2nd quarter 2012 increased by 10% compared to the same period last year and 13% in the base currency. To 284 thousands of service points has grown global network of MoneyGram agent offices in the 2nd quarter of 2012 due to India, Spain and Africa, thus its growth was 16%.
In due time MoneyGram separated from the Western Union and became an independent brand. MoneyGram hired compliance officers in many of their global offices to ensure compliance with regulations of specific countries or regions. For the recipient MoneyGram service of wired transfer is free. All expenses will be paid by the sender at the time of sending money.