On March 7, 2011, MoneyGram entered into a Recapitalization Agreement with THL, as the holder of all of the B Stock, and Goldman Sachs, as the holder of all of the B-1 Stock. MoneyGram financial results were driven by money transfer business, which delivered more than 40 percent growth in transaction volume. Wired money transfer system MoneyGram is no longer new to us. According to statistics, every 4th person knows about it, or at least heard. It is very convenient and quick to transfer money without opening accounts and having no payment cards, precisely due to this wired transfer system MoneyGram has become one of the most common worldwide. 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.
MoneyGram Location in ROMANIA
Wired money transfer system MoneyGram is no longer new to us. According to statistics, every 4th person knows about it, or at least heard. It is very convenient and quick to transfer money without opening accounts and having no payment cards, precisely due to this wired transfer system MoneyGram has become one of the most common worldwide. MoneyGram financial results were driven by money transfer business, which delivered more than 40 percent growth in transaction volume.
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The benefits of money transfers by MoneyGram: payment of commission is only at the expense of sender. Millions of families depend on MoneyGram to safely send money home or pay the bills. MoneyGram point-of-sale systems are continually upgraded to provide the latest new products and functionality. In March 2012, the company MoneyGram merged with the network of U.S. payment centers ZipZap. MoneyGram completed the acquisition of MoneyCard World Express, S.A. (MoneyCard) and Cambios Sol, S.A., two money transfer super-agents located in Spain. 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.