Due to regulatory requirements and consumer demand in Germany and France, MoneyGram opened company stores in both countries. The greatest increases in 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. Sum of the money transfer is paid immediately upon request at any convenient for client currency - cash in U.S. dollars, Euro, local currency, depending on the country of the transfer receiving. Until 2004, the owners of MoneyGram were Viad Corp and Travelers Express Company Inc. 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. Money transfer wired system MoneyGram offers annually U.S. $ 500,000 in grants to charitable organizations to support education programs in developing countries.