Monobank Launches monoBazar Marketplace: New Opportunities for Selling Items Online
At the beginning of December, users in Ukraine actively began selling their items through the banking app. Within the first three hours of launching the new service, the number of listings reached 17,000. Monobank has introduced its own marketplace called monoBazar, which is already operating in full mode.
This is reported by AgroReview
How monoBazar Works: Features and Advantages
Oleg Gorokhovsky, co-founder of the bank, described the project as “a sort of OLX on a smaller scale.” However, behind this joke lies extensive work: the idea emerged in late 2024 after the successful launch of monomarket, and the development of monoBazar began in May 2025. Internal testing of the new platform started on October 27.
Users can easily find the new section in the app: after the update, they just need to go to the Marketplace section and click on the Bazar button. No additional registration is required — the profile is already verified by the bank, minimizing the risk of fake accounts.
Technology, Security, and Charity
One of the key features of monoBazar is the use of artificial intelligence to create product descriptions. Users enter a few keywords, and the system automatically generates a detailed description. This significantly saves time and simplifies the process of posting listings.
“Sellers receive their money only after the buyer picks up the item from the post office. It’s a kind of financial safety cushion against fraud from both sides.”
At the initial stage, a test commission of only 0.1% is in effect, which will later increase to 1.9%. The buyer pays only for delivery, with no additional or hidden fees.
monoBazar also offers an option to sell items for charity. If the corresponding function is activated, the entire amount from the sale goes to support the NGU “Charter” team, and Monobank doubles this amount from its own funds. This allows users not only to get rid of unnecessary items but also to contribute to the army.
By the end of 2025, integration of the service with individual entrepreneurs is planned, expanding opportunities for selling services, automatic renewal of listings, and establishing cooperation with logistics companies. The team of developers for monoBazar has grown from 10 to 18 people, indicating serious plans for the platform’s development.
monoBazar stands out by building its operations on users’ trust in the bank. Verification through banking profiles increases the accountability of platform participants. For small businesses, this is a new effective sales channel that allows artisans and manufacturers to quickly find clients without unnecessary complications.
The launch of monoBazar demonstrates how a financial institution goes beyond traditional services, creating an ecosystem to meet users’ daily needs — from paying utility bills to selling items online.