The benefits of money transfers by MoneyGram: no fixup (the recipient may request payment at any MoneyGram agent in the country of receiving). In 2011, a global network of agents of MoneyGram has grown up to 256 000 service points, thus its growth is 24% compared to the same period of the previous year. As part of the 2008 Recapitalization, our wholly owned subsidiary, MoneyGram Payment Systems Worldwide, Inc., issued Goldman Sachs $500.0 million of senior secured second lien notes with a 10-year maturity. Using the MoneyGram system, you can easily send money to your relatives and friends in other countries. 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.