RevoluGROUP Canada Inc. Million Bridges And RevoluPAY Unite the Lebanese Community Worldwide
VANCOUVER, British Columbia, Nov. 20, 2020 (GLOBE NEWSWIRE) -- RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2) (the "Company") is pleased to announce that RevoluPAY EP S.L. has signed a Definitive Agreement ("DA") with Million Bridges. The DA,
approved between RevoluPAY CEO Alfredo Manresa and Fadi Chidiac Haddad, CEO of Million Bridges, aims to create a financial, humanitarian bridge uniting the over 8.5 million Lebanese diasporas living
around the world with family and friends still residing in the Lebanese Republic solely through the financial technology and secure licensed payments platform of RevoluPAY.
About Million Bridges
Million Bridges was founded by Fadi Chidiac Haddad, a Lebanese national with Canadian and Spanish citizenship. Sensitive to the humanitarian importance of overseas remittances for his homeland and people, Fadi, together with his highly qualified shareholders and staff, are striving to bring the worldwide Lebanese community together with the help of RevoluPAY Fintech. Historically, remittances constitute a vital component of the Lebanese economy, representing an average of 15% of the national GDP (Approximately 7.5 Billion $ U.S. annually). Traditionally a priority amongst those Lebanese diasporas making a good living abroad, sending funds to their families in the homeland, especially during crises such as the one Lebanon is currently experiencing, is vital. Proudly an apolitical, non-denominational entity, Million Bridges social mission is to help improve all Lebanese citizens' daily lives.
Lebanese Diaspora Demographics
The worldwide Lebanese population is estimated to be 13.3 million, of which approximately 4.7 million reside in Lebanon, and around 8.6 million represent the Lebanese diaspora living around the world. Since exact numbers are scarce, the following lower estimate constitutes first-generation nationals and the upper estimate, second-generation Lebanese and direct family abroad.
|• United States||500,000||506,150|
|• Saudi Arabia||120,000||299,000|
Notably, Lebanese Canadians' population is estimated at around 200 to 270,000, representing the largest group of Arabic-speaking citizens in Canada. About half of them are settled in Montreal since most Lebanese nationals speak French. Lebanese Canadians are an influential immigrant community in Canada, playing key roles in the economy, politics, society, and education. These proud Lebanese Canadians remain connected to their homeland and fiercely seek that their country regains its sovereignty and emerge from economic despair.