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. 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. Money orders and official checks by MoneyGram continue their steady performance and expanded line of bill payment services deliver excellent results. In March 2012, the company MoneyGram merged with the network of U.S. payment centers ZipZap.