Monobank has launched a new service called Monobazar, which allows customers to sell their own items within the app, according to the bank’s co-founder Oleg Gorokhovsky.
“We are launching a beta version of monoBazar, a simple service within monoMarket where customers can sell their items. The feature is already available, and we are opening testing to everyone,” Gorokhovsky wrote on his Telegram channel on Monday.
According to him, the service has three main advantages: the ability to purchase goods in parts, verification of all sellers through the monobank system, and the creation of a personal showcase that users can share on social networks or send to friends.
The post notes that monoBazar has a number of additional features. In particular, a built-in AI model can automatically generate a detailed description of the product based on a short text provided by the user. An automated trading format has also been implemented: the buyer can offer their price, and the seller makes a decision without the need for correspondence.
According to the co-founder of monobank, the seller receives the funds only after the buyer picks up the parcel from the post office. If the buyer refuses the product, the money is automatically returned to the buyer and the product is returned to the seller.
The service is available in the monobank app in the “Market” section.
The service commission is 0.1% until January 8 during testing, after which it is planned to increase to 1.9%, with the buyer paying the additional cost of delivery.
Gorokhovsky also noted that until January 8, users can sell items for charity: in this case, the amount is transferred to the “Charter” fund, and monobank doubles the contribution.
As reported, the virtual monobank, created by Fintech Band LLC on the basis of Universal Bank, currently ranks second in the market in terms of the number of cards. According to the NBU, as of October 1, 2025, Universal Bank had issued a total of 25.45 million cards, of which almost 9.85 million were used for transactions during the month.
Currently, OLX is the largest player in the Ukrainian market of digital platforms for selling items.
