Due to regulatory requirements and consumer demand in Germany and France, MoneyGram opened company stores in both countries. After the correction of tariffs, volumes of MoneyGram transfers increased by 30%. The benefits of money transfers by MoneyGram: the payment of transfers is made in cash. Until 2004, the owners of MoneyGram were Viad Corp and Travelers Express Company Inc. MoneyGram financial results were driven by money transfer business, which delivered more than 40 percent growth in transaction volume.