All Posts By

kanav Bhan

LALA sign historic agreement with MiGRAMS, Worlds Largest Migrant Management platform to improve lives together

Dear LALA Family,

“If everyone is moving forward together, then success takes care of itself.” – HENRY FORD
Yes, we have found THE RIGHT PARTNER in each other. This is the greatest partnership we both could hope for.
LALA Team is pleased to announce our partnership with World’s Largest Migrant Management Platform -‘MIGRAM’.
MiGRAM is a migrant centric technology platform capable of delivering technologically innovative, client-centric and comprehensive enterprise solutions. They provide cross-border IT solutions, applications and infrastructure setup for the government and private sector clientele. Since its inception in 2008, MiGRAM has continuously been involved in conceptualizing, developing and integrating end-to-end IT solutions for a wide variety of clientele focusing on Migrants and their journey.

Those who are familiar with the LALA World’s vision, know that it wants to make a difference in the lives of the unbanked and the migrants. These people generally re-locate to other countries in order to earn money, so that their families can live a better life back at home. LALA World intends to remove the hurdles they face in their day-to-day activities that make it even more difficult for them to realize their dreams.
We believe that we’re very fortunate to partner with the MiGRAM, since this partnership is going to be rewarding not only for us but many others around the world. MiGRAM manages the largest migrant data across the globe. Hence, this association will strengthen LALA by linking it with the migrants directly. We would be in a better position to acquaint migrants with the LALA World’s global financial ecosystem, that connects poor families across the borders.
In other words, now we are connected to more potential future users of LALA ID and the services associated with it, like LALA Wallet, LALA Transfer, LALA Bill Pay, LALA Lends and LALA Card. Needless to say that we are now more confident that the LALA World global financial ecosystem would be a huge success!
We are really excited about this partnership and hope that the LALA community will be too. With such stepping stones, we are inching towards our vision. A wise man once said: ‘Growth is never by mere chance; it is the result of forces working together’.
This is just the beginning! We have more exciting partnerships lined up. Stay tuned for more updates from the LALA Team.
Thank you for being a part of this incredible journey. We’re blessed to have your continued support!

How LALA World Brought Smiles on the Faces of the Underprivileged!

Dear LALA Family,
The greatest power is not in ruling the world but in spreading smiles and love. Especially to those who are unfamiliar with the kindness that the world has to offer. Each one of us is capable of becoming powerful; all we need to do is believe in the strength of giving. LALA World understands the importance of making a difference in the lives of the underprivileged and is determined to be a helping hand in all the ways it can.
“IT’S NOT HOW MUCH WE GIVE BUT HOW MUCH LOVE WE PUT INTO GIVING.” – Mother Teresa
LALA World is pleased to share the incredible experience of the donation drive that we organized in April, in Delhi NCR – India in partnership with The Clothes Box Foundation. It was for the worker-class who struggles tremendously to earn even a single bread in a day for their family. After all, serving the needy never harmed anyone.

The distribution drive turned out to be a success as more than eleven hundred workers showed up. The passionate team of CBF & LALA World along with our Chief Operating Officer (COO) – Mr. Ranjit Kumar distributed around three thousand clothes that included a pair of t-shirt and denims. It was quite a task to personally attend thousands of workers but our team along with Clothes box Foundation managed to greet each one of them with a smile. Witnessing the spark in the eyes of workers felt like a great accomplishment and it was definitely one of the best days at work. They took back clothes with them whereas our team took back the overwhelmed hearts and an even more dedicated vision of spreading millions of such smiles in the near future.

With this small initiative, we not only made a little difference in the lives of underserved workers but also took a step forward in fulfilling the vision of LALA Worldi.e. to make the human lives better. We want to enable and empower the unbanked through the revolutionary Blockchain technology. As there are many who are affected by the present situation and regulations, LALA intends to reduce and eventually vanish the suffering due to the inefficiencies of the present day banking system. The focus is to globally help the unbanked and migrants, who suffer a huge amount of problems majorly in terms of finance.
We all believe that this was a small step compared to the vision LALA World has and there is a lot to be done. We firmly believe in the saying – “Great things are done by a series of small things brought together.”
Stay connected with us through our community on Telegram and our social media pages to get the latest information on the project developments.
We’re blessed to have your continued support and Thank you for being part of this incredible journey!

How LALA WORLD is connecting poor families through its global financial ecosystem

Family is not an important thing, it is the ONLY important thing! Our families are at the center of all of our activities. The word ‘family’ is not bound by a blood relation; it applies to anybody with whom we have developed a bond of love, affection or respect. When the whole world turns back on you, your family would still welcome you with open arms. No doubt, we would do anything for our families and their happiness.

“Life’s most persistent and urgent question is, ‘What are you doing for others?’”

– Martin Luther King, Jr.

To be able to provide for their families, millions of people migrate to other countries for the prospect of a better job with higher pay. They leave the comfort of their homes and the warmth of their familial relationships because they know in their hearts that the sacrifice that they make will enable their families to live a better life back home. In its effort to answer the question by Dr. King, LALA World has set about to make a difference into the lives of these millions with its simple mission – “Making Human Lives Better.”

According to the Migration and Remittances Factbook 2011, more than 215 million people live in a country other than the one they were born in. Such a huge number of migrant workers also send a large amount of money as remittance back home to their families in their country. The country that received the most money remittances as per the 2010 data was India, followed by China, Mexico and France. In effect, more than $440 billion is moving around the world, the result of the hard work and sacrifice of migrants.

That migrants face tremendous amounts of problems would be a gross understatement. Apart from the obvious problems of settling in an alien land with curious customs, culture and different people comes the overbearing hurdle of financial non-inclusion. Getting these migrants into the financial mainstream is a difficult proposition.

Migrants often send a majority of their earnings back home to their families and to do that, they have to rely on intermediaries, many of whom are unscrupulous middlemen ready to make a quick buck at the expense of the poor migrants. Intermediaries like remittance platforms and banks often charge hefty transaction fees or commissions. The migrant population is suppressed in terms of the remittance facilities that they have available for them. This suppression needs to end and the only way to do this is to empower the people at both the ends of the transfer.

The uplift of these people is the driving force behind the development of diversified solutions through the use of technology and the network of LALA World. The solution that LALA World has developed for tackling the pertinent hurdles involved in global remittances is LALA Transfer. It is one of the most comprehensive remittance solutions available with a mix of traditional remittance aggregators (they are not going anywhere soon), peer-to-peer local and global transfer of funds and stellar Blockchain technology, all enabled on a single robust platform – LALA Wallet, a global Wallet for all your financial needs.

LALA Transfer will facilitate the remittance of money at a very nominal fee and aims to empower the migrants with the knowledge that they can send their money to their families back home at a very low cost than ever before. This knowledge gives them the confidence they need to go work in an unknown land and not worry about how their money will reach their families. This kind of assistance will definitely put their minds at ease because they will be assured of the least interference and the immediate transfer of their hard-earned money at the lowest costs.

LALA World has a vision to enable and empower the unbanked through the revolutionary blockchain technology. By ensuring that the people who have been at a disadvantage owing to the current regulations and scenario are benefitted by their services, LALA World wants no one to suffer due to the inefficiencies of the current banking system. The philosophy of LALA World is to reshape the financial ecosystem by making it decentralized (eventually) using the blockchain technology. To that effect, LALA World has in store a variety of products to make the lives of the people, especially the unbanked masses, simpler. LALA Transfer is one such product. By using LALA Transfer, a migrant will have peace of mind and his family will be able to enjoy a better life owing to the increase in the remittance resulting from lower transaction and exchange fees. The migrant and his family will be secure from any misappropriations in the amount of money transferred and there will be no need for dealing with any agent or other such intermediary. LALA Transfer, along with a host of LALA World products, will definitely bring families closer and promote financial transparency among them.

Stepping up LALA – Join us in welcoming Shailendra Gupta as LALA World’s new CTO & Business Head – India

Dear LALA Family,
Greetings!
Today, we have the pleasure of announcing an exciting new addition to our team of innovators —  our Chief Technology Officer & Business Head-India  – Mr. Shailendra Gupta.
Shailendra is a veteran tech executive having over two decades of diversified experience in IT/Telecom/Ecommerce/IoT/Fintech and has immaculately handled multiple Technology & Business functions in large global organizations and startups. He will be an invaluable member of LALA World’s leadership team, helping to drive our vision for innovation. He is going to shape the company and product strategy, leading the development of LALA’supcoming product and technology solutions that further advance the capabilities of LALA partners.

During his last association with RechargeItNow.com as CTO & VP-Business development, he has led the development of technology & business functions. Shailendra spearheaded the business (B2C, B2B & white label) which managed to rake in excess of USD 100 million. During his journey, RechargeItNow.com had attained major market share in Recharges & Bill payment and was awarded as the “Fastest Technology Company” by Deloitte. Prior to that, he was the engineering head – ASPAC at Verizon Business, a global telecom company and had handled large projects (>20M) across Asia.
A strong technology enthusiast and with his always learning attitude, he is willing to take on new challenges everyday. Shailendra is an avid music lover and has achieved many accolades as a state level badminton player. He believes that fitness is key to performance and understands the joy and complexity of team work
We are tremendously excited to work beside such an experienced and visionary innovator.
We believe that we are on track, as each day at LALA we make new strides in our vision and come closer to becoming a global phenomenon.
Thank you all for your continued support!

LALA CEO Sankalp to speak at Stellar meet-up in Dubai

Dear LALA Family,
There is an old saying that, “Opportunities to interact with people who appreciate your efforts should never be wasted.” Well, this one always resonates with LALA and the team makes sure that our CEO & Founder Sankalp Shangari never misses an opportunity to interact with the Blockchain Community.
Stellar.org, our awesome partner on cross border remittance and LALA would come together once again to showcase the LALA World Story and our development journey. Its a Stellar meet-up for Blockchain and FinTech enthusiasts at the Future Accelerators Stadium, Dubai – Tuesday, 1st May 6:00pm onwards. We are expecting 200 plus audience and explain the ways in which LALA is trying to bring about a social revolution.
The event would also feature a fire side chat between Mr. Marwan Alzarouni, Founder, OTC Supply and Ms. Lisa Nestor, Stellar. NEC Payments and Mobius are among the other esteemed partners of LALA & Stellar who have been invited to share their journey so far. These events not only provide the attendees an opportunity to learn from the successful used cases and help better their understanding about this breakthrough technology but also help the budding entrepreneurs find mentors, network and talk about their ideas with the like minded counterparts.
The event will be at the prestigious smart Dubai Accelarators. Please feel free to reach out to Sankalp for any LALA update or any general blockchain chat.

Stellar is an important ally for LALA as we are passionate and pushing for a change that has only one mission – Making Human Lives Better!
Stay connected with us through our community on Telegram and our social media pages to get the latest information on the project developments.
We’re blessed to have your continued support and Thank you for being part of this incredible journey!

Our “LALA Of The Week” goes to…

Dear LALA Family
It’s time to announce yet another LALA of the Week. Started a month back its the 5th title going out. This is an effort to recognize those members of the community who continuously mark their presence, with immense support and efforts to maintain the flow of conversation on our telegram channel. Some have put forward their knowledge of cryptos & exchanges and helped fellow community members while some have managed the to keep up with the project related conversation flow on the cannel.
Our “LaLa of the Week” is – “Max”, who has kept the energy of the community flowing at “All Time HIGH” with his crazy talks and incredible comic timing.
He’s our Man !!

He has an impeccable sense of humor; being an active member of the community he has eased out situations when the discussions were getting tense. He has acted like a guardian spirit and extinguished any possible chances of clash between members with his skills as an excellent communicator. We wish him the best and hope he continues to keep up the good work. He has proved to be a strong pillar for LaLa World Telegram community, who comes out with funny jokes and lot of smiles.
Look forward to more and more participation, insights and ideas from our lovely family. We at LALA World are blessed to have a community like you.
Thank you for your continued support and for being part of this incredible journey!

Karan Bhatia, Global Head of Lending joins LALA

Dear LALA Family,
We extend a very warm welcome to Karan who has joined LALA as the Global Head of Lending. Located in Singapore, he has already Embedded his mark in establishing the global lending arm of LALA World – LALA Lends.
Karan has over 15 years of  experience in financial sector, the majority of it in the asset management and credit industry. He was the founder of a large credit business in India (NBFC), managed portfolio of credit investments in Asia and Americas. Further, he has an incredible experience of being part of two successful credit funds – Mason Capital and Puma, in New York, with a focus on high yield and special situations credit investments.

Most recently, he was the MD and CEO of X10 Finance, an NBFC (money lending business) focused on supply chain finance solutions for SMEs in India. With X10, he successfully built and managed USD 80 million of lending with no NPAs, within 24 months and had a very successful exit.

Prior to X10, Karan worked at Deutsche Bank, part of the Strategic Investment Group, focusing on investments across Asia. He was a key member of the team which held a large credit focussed portfolio across SE Asia with a strong focus on India.
Karan brings an extensive credit and investment experience across global markets, an excellent ability to interpret market trends and has a detailed understanding of financial products for banks and lenders. He has a unique combination of experience as an investment professional, an entrepreneur with a deep understanding of credit and lending space along with the true insights about the operational issues and challenges, which will be a great advantage in growing a loan book, building partnerships and mitigating risk.

Mr. Bhatia is a Chartered Financial Analyst (CFA), has an MBA from New York University, Stern School of Business and an MS in Computer Science from the University of Southern California.

He lives in Singapore with his wife and two lovely kids. He is an avid reader, a technology enthusiast, and a keen (but struggling) golfer ;p

We believe that we are on track, as each day at LALA we make new strides in our vision and come closer to becoming a global phenomenon.
Thank you all for your continued support!

Watch Out for LALA World CEO & Founder – As he addresses Blockchain Conferences in Dubai this week

Dear LALA Family,

It’s no secret that Dubai feels like a second home to LALA.
Sankalp Shangari CEO & Founder LALA World will be addressing the Blocksocial – Dubai tomorrow, along with Blockchain Thought Leaders, Industry Expert, Business leaders and respected Professionals from across the domains to highlight the latest innovations and advances in Blockchain technology. The Blocksocial is about – ‘Creating Positive Social Impact with Blockchain’. A platform to discuss groundbreaking ideas in the realm of social entrepreneurship.
Further he would be addressing the ‘ICO Conference – Spade Group FZC on Wednesday April 18, 2018.

Blocksocial Dubai : Mr Shangari would start the proceedings of the event with a welcome note. Followed by the inaugural address of Mr. Mark Beer (renowned public speaker and thought leader in legal and justice sector), Mr. Shangari would address the gathering where he’ll talk about “How blockchain has the power to help serve the unbanked, better”.  Blocksocial Dubai will have a homogenous audience that comprises of Investors, Entrepreneurs and Pioneers in Technology, Finance/Legal experts and Business heads.
Through his address Mr. Shangari would be sharing his opinion on “How LALA World has been working towards integrating Blockchain technology with the financial services”. Along with that he’ll be talking about LALA’s upcoming products & services that would help with paperless identification – LALA ID and how LALA is going to extend banking facilities to migrants and refugees via LALA Wallet . “A forward thinker he believes in helping those in dire needs”.
ICO Conference-Spade Group FZC: Mr. Shangari would be one of the eminent speakers at the Conference. The conference is centered on  -“How investor’s Choose ICO”. Sankalp, having successfully led the LALA World ICO and being on the advisory panel of several companies and ICO organizations, would be able to give true and valuable insights to the investors as well as the keen audience present there.
“LALA World is committed to raise awareness of the potential of this groundbreaking technology, advocating for its global adoption and providing a foundation for education, collaboration and dialogue”.
Stay connected with us through our community on Telegram and our social media pages to get the latest information on the project developments.
We’re blessed to have your continued support and Thank you for being part of this incredible journey!

AMA Chapter 1 with CEO & Founder Sankalp Shangari is a Big Hit among the LALA Community

Dear LALA Family!
At LALA World, we have always stressed the importance of dreaming big and keeping things simple. The vision at LALA has always been “To Make Human Lives Better”.
Our first #AMA (Ask Me Anything) with CEO & Founder Sankalp Shangari was fantastic and we received a massive engagement from the community members. This is one of the many initiatives that LALA World is taking to ensure transparency.  A Lot of FUD has been cleared, our official telegram group and the confidence building up in the market has shown that in past couple of days. We will continue to provide with the information on all the processes involved and regular updates on the product development for clarity.
With this #AMA, we tried to combine all your concerns and address them in a detailed and elaborate manner for everybody’s discretion. From the queries it got clear that the community wants more updates on the developments at LALA. We are going to document our grassroots level migrant & workers community outreach to share with you the strength of our massive network through our fantastic partnerships. With the seen confidence in markets

Please find the important parts of the video transliteration on this link: https://blog.lalaworld.io/lala-world-reddit-ama-01-ask-me-anything-excerpts-from-the-ama/
We’re blessed to have your continued support and Thank you for being part of this incredible journey!

LaLa World Reddit AMA-01 (Ask Me Anything) – Excerpts from the AMA

What’s new with LaLa, What all is going on?

We’re building a Global Digital Banking Ecosystem for financial inclusion of the Underserved – unbanked, immigrants, travellers and international students. This is possible because of our Global Network and partnerships.

LALA World facilitates a single digital Bank account based on Blockchain technology that would help us to retain one bank across the world.We have a focused product suite built around around 3 Business Models: send, spend & Lend

Send – Cross Border Remittance (LaLa Transfer)& LALA Pay for utilities

Spend – Pay your bills & get rewarded for each transaction

Lend – P2P and Direct Micro Lending

We are commited to deliver value for money and in order to do so we have developed processes that eliminate the middlemen. With LALA products you would get instant remittance facilities at the lowest price.

 

Ethos Partnership and what it’s going to bring?

Ethos is Universal wallet and one of our prime associates. LaLa World would be among the first ones to be on Ethos Wallet. Ethos is inclined towards wealth management and we are tilted towards securing services for the unbanked, so how we will bridge this gap. We would be taking the concern together in helping the world.

Apart from this we are exploring various opportunities with Ethos.

 

Auction FUD- Why were people buying the tokens at so high rates?

LALA World has had support from the crypto community as well as the masses in general ever since its inception. Not only the people but governments, organizations, local communities and universities etc, We have had an amazing response for our vision to bring technology to the use of people.

As we closed our ICO very quickly, there was a huge demand in the market for those who missed out on the sale. The demand kept on lingering on our Social media channels and we kept on receiving queries and messages from people who asked for next round of tokensales.

Being one of the few ICO to be successful in a short amount time and with our strict KYC we were left with 2.37 million tokens that failed the compliance. Seeing the great response & demand, we decided to put in reverse Dutch auction.

Honestly, we were also surprised that the auction lasted only for 6 hours. These were the people who actually missed out during the tokensale.

Unfortunately, just after 15 days the market turned bearish. It was unfortunate and could have been other way around.This is something uncertain and out of control, we don’t have direct control over market conditions.

 

How is LALA tackling the Multi-Faceted Marketing challenge for– crypto and fiat people?

We are going to be a fiat wallet for the world for which we are securing licenses to operate in various jurisdictions in a gradual manner.We are rolling-out LALA where companies can buy LALA ID as a service for which they pay in LALA tokens. So there is a demand being created for LALA ID and free tokens being given for consumers and referrals. This ensures liquidity from both sides.

Initially there is going to be a lot of funding through our reserves which is why we kept them in anticipation.

We are integrating every possible traditional or new blockchain remittance model available and build that into one-widely compatible and competitive engine which gives you the best price at that point in time.

For Micro Lending – we are in process in buying a very large Money lender in India; will start lending in Sri Lanka, Myanmar, Thailand, Nigeria & Dubai

P2P lending site will be out in another 2 months. This is a backdrop to understand that every product will have a different audience and will require different marketing. We don’t intend to sell all the products to same set of consumers at the same time.

So in traditional form our audience is the Unbanked workers and migrants which we already have access to through our partners. We are conducting camps locally to research and understand more on their needs. For example we’re already working with these workers on ground level In Malaysia.

Also we’re organizing various events with many local bodies and NGO’s. We have an event coming up in India on 13th April with Clothes Box Foundation (CBF) for which you all will be informed very soon. So there’s a grassroots level marketing happening: we’re going to conduct multiple camps in multiple geographies to educate these primary consumers on LALA Wallet ecosystem.

On Crypto side: We’re going to various conferences, events and are tying up with more crypto influencers in the coming time. We’re organizing joint-meetups with our partners like Stellar and Ethos which increase our reach to various crypto communities.

We are looking to list on larger exchanges in better times. We hear you everytime you give feedbacks and are trying our best to take our next steps wisely so that it benefits everyone.

For Me Sales is everything, Tech is secondary. What is use is tech for if you can’t sell it? This is why we’re focusing on a great product and marketing its usability in the best possible way to the most relevant audience. This is not going to happen overnight and we’re working to strive for better than our current best everytime.

 

On the point of 200k users

200,000 is nothing;we are targeting to engage 100 Million workers by 2020.

The first 200,000 is our in house workers who are on our payrolls in Malaysia. Through our partners we have access to 1 million workers but that does not mean we want everyone on day one or for the same product.

We are working on forging many more such partnerships which let us do so.

 

Will LALA use reserve tokens or buy from exchange to reward an app user?

We have reserved a very large number of tokens for initially rewarding the people who complete their KYC and we have also added a lot of rewards for referrals.

But now when LALA ID services are being rolled out, these will give us revenue in the form of LALA tokens which can be then used to reward the app user.

But for time to time, if and when required, we will keep an incentive fund for the same.

 

Will other cryptos be used on app?

We are not a crypto wallet.

However L+ rewards will be converted to Lala Tokens which will be able to be redeemed at Crypto Wallets like Ethos, Argo Wallet where this is possible.

 

How Does Current Bear Market have effect on development of Lala?

Once we are self sufficient and are able to attain a seemless growth with geographical expansion then there is no stopping us to reach the pinnacle.  In the next 12 months we would be focusing on Asia, Middle East and then going on to Europe , America & Africa.

There is no one other than us in the market who has been able to achieve as comprehensive a product as we are trying to do.