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. 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. Since going public two and a half years ago, MoneyGram has made great strides by pouring energy and resources into several critically important areas for business. Technology continues to play a key role in increasing MoneyGram transaction speed, automating and streamlining processes, and creating new functionality. The benefits of money transfers by MoneyGram: the payment of transfers is made in cash. MoneyGram Until 2004, the owners of MoneyGram were Viad Corp and Travelers Express Company Inc. Millions of families depend on MoneyGram to safely send money home or pay the bills. In March 2012, the company MoneyGram merged with the network of U.S. payment centers ZipZap.