At the heart of MoneyGram is a mission to bring loved ones closer. Whether our customers are sending or receiving money through cash-to-cash transactions, a bank account, online, or through a mobile device, our services are connecting friends, family members and loved ones - no matter where they are in the world.
In 2013, expatriates remitted nearly $550 billion dollars to developing countries, or nearly four times as much as government aid. These funds allow families to purchase life's essentials, from buying school supplies and food to paying rent and utility bills. MoneyGram is trusted by these customers to offer innovative, reliable, and convenient money transfer services.
It's a big responsibility, and it's the reason we are committed to customer convenience. We work to form collaborative relationships with agents including international post offices, retailers, and virtual agents to bring our services closer to our customers. It's why we are dedicated to innovation and are always searching for the best solutions.
In addition, we are committed to giving back and making a difference in our communities. MoneyGram launched the MoneyGram Foundation in 2012, a private grant-making foundation focused solely on helping children around the world gain better access to educational facilities and learning resources. In its first year of operations, the foundation has directly impacted more than 100,000 children in 24 countries.
MoneyGram's work also extends beyond continual improvement and growth. Our efforts include comprehensive scam awareness programs aimed at preventing and stopping fraud, and compliance programs that work to prevent money laundering while also ensuring conformity with government rules and regulations. We are ultimately aiming to increase the security of our industry.
But while we work to use our products, knowledge and skills to shape the future of the funds transfer business for the better, our priority is always to stand by our motto, "MoneyGram. Bringing You CloserTM."