In due time MoneyGram separated from the Western Union and became an independent brand. MoneyGram - is an urgent money transfer by means of wired transfer around the world without opening a bank account. Very intensive and focused approach has helped MoneyGram to grow business at a rapid pace and establish MoneyGram as a global player in the marketplace. What are the main benefits of money transfers by MoneyGram? Individual flexible service. The recipient has the opportunity to receive money at any MoneyGram office anywhere in the world. 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. MoneyGram Millions of families depend on MoneyGram to safely send money home or pay the bills.