Okay, great. Thanks Julio. Good morning everyone. This sounds echoy but can you all hear plainly enough? Okay, great. So MoneyGram is a global remittance company and we operate in 192 countries and we are the second largest player in this industry with about 5% market share, it’s a very fragmented industry if you are not familiar with the industry between number one player and MoneyGram, so it's largest and second largest. We still have less than 25% of the global market share. 40% of cross border remittance is today are still handled through informal channels. So there is a tremendous opportunity for growth and to take share from each players, from our direct competitors, from banks to periodically and I would say more episodically provide this service and certainly from the informal channels.
While money transfer is the lion's share of our business, we also offer urgent bill pay solution today that's just in the US and recently like literally within the last six months, we ruled that out in Canada with the Canada post and its growing very nicely. We continue to focus on new technologies and enhancing and broadening our product offering so whether that's extending currencies that we expect, multi-currency spends or multi-currency receipts we are also ruling out direct to bank account with bank euro, Philippines is now active. You might have recently seen a press release; we have done that now with Banco Rendimento in Brazil and ICBC in China.So it’s a growth industry and most importantly MoneyGram is outgrowing a growth industry. The World Bank estimates that global remittances are growing around 6 to 7% and that's about what they project going forward in Q4 that we just reported about 10 days ago. We had 13% transaction growth in money transfers.