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. Due to regulatory requirements and consumer demand in Germany and France, MoneyGram opened company stores in both countries. After the correction of tariffs, volumes of MoneyGram transfers increased by 30%. AgentConnect allows MoneyGram agents to integrate the money transfer service with their internal security and training processes. Despite the debt crisis in Europe and other shocks experienced by the world economy, the company MoneyGram International notes the increase in the money transfer market. Money orders and official checks by MoneyGram continue their steady performance and expanded line of bill payment services deliver excellent results. 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. Today the company MoneyGram International - an independent U.S. company, whose shares are traded on the New York Stock Exchange and MoneyGram money transfer is considered one of the largest international money transfer systems without opening a bank account. Commission income on remittances and other revenues of MoneyGram in the 2nd quarter 2012 increased by 10% compared to the same period last year and 13% in the base currency.
After the correction of tariffs, volumes of MoneyGram transfers increased by 30%. AgentConnect allows MoneyGram agents to integrate the money transfer service with their internal security and training processes. Due to regulatory requirements and consumer demand in Germany and France, MoneyGram opened company stores in both countries.