MOVii is a Columbian bank focused on changing the banking sector by improving the financial inclusion of those who have never been on the system and allowing them to manage their money as they wish to through an app and card.
Purpose
MOVii's purpose is to enable anyone to be paid, or pay, in a digital hassle-free way. We want to improve Financial Inclusion in Colombia by allowing people to have a free, easy-to-use account on their cellphones and a debit card that lets them pay anywhere in the country or the world. Besides, MOVii is also working to bring more payment solutions for merchants and entrepreneurs through different digital solutions that will help them be paid digitally, avoiding cash usage.
We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use
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People
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Principles of Governance
Prosperity
Summary
MOVii is committed to empowering people and providing better opportunities for personal and professional growth by creating 100 new jobs by the end of 2022.
Activities & Initiatives
Achieve to create new areas and businesses that will bring new expertise to the company and more jobs options to the younger people in Colombia.
Measures & Targets
Create 100 new job positions at MOVii by 2022, in areas such as technology, product, marketing, acquiring, customer support, sales, and data.
Summary
MOVii is committed to addressing the high unemployment rate in Colombia and provided youth with skills to succeed by ensuring 25% of our workforce are under 28 years old by the end of 2021.
Activities & Initiatives
23% of people under 28 years old are unemployed in Colombia. We need to create new opportunities for inexperienced youth that enable them to build a career for their lives.
Measures & Targets
25% of the employees at MOVii must be under 28 years old by the end of 2021.
Summary
MOVii is committed to helping Colombians gain expertise in technology by educating at least 80 employees in high knowledge of technology by the end of 2022.
Activities & Initiatives
Create a company that helps to educate its employees continuously.
Measures & Targets
Educate at least 80 employees with knowledge in technology, scrum (software development) and agile methodologies, digital transformation, and digital landscape.
Summary
MOVii is committed to bringing 4.8 million excluded individuals into the digital economy by the end of 2022 by providing a financial account to use their money in a digital way. Currently, MOVii has 2 million users as of 2021.
Activities & Initiatives
Allow people in Colombia to use their money in a hassle-free, safer and, cheaper way, avoiding cash usage.
Measures & Targets
2.8 more million people by the end of 2022 with a MOVii account.
Summary
MOVii is committed to expanding financial inclusion rates in foreigners and low-income people in Colombia with the goal of adding 1.2 million foreign users and 1 million welfare users 1 million by the end of 2022.
Activities & Initiatives
Become the wallet for foreigners - such as Venezuelan people migrating to Colombia- and for low-income users willing to receive welfares from the government.
Measures & Targets
2.2 million users between foreigners and welfares for 2022: Foreigners 1.2 million people, Welfare users 1 million people.
Summary
MOVii is committed to addressing the lack of diversity in the financial and technology sectors by recruiting 1 new female board member and ensuring 50% of the C level are women by 2023.
Activities & Initiatives
MOVii will work to address the lack of diversity in the financial and technology sectors.
Measures & Targets
- Recruiting 1 new female member for the board by 2023.
- Maintain at least 50% of the C-level positions held by women
Summary
MOVii commits to addressing gender inequality in the technology sector by ensuring 25% of our staff working in technology sectors are women to grow and gain new skills by the end of 2023.
Activities & Initiatives
Overall tech companies, the technology areas (Development, Data, QA, Scrum Masters) are mainly dominated by men. We aim to train and include new profiles for women to develop in these areas.
Measures & Targets
At least 25% of our tech area should be integrated by women by 2023
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Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.
