The success of the Monobank: 1’000’000 UAH in installments in one day and 170’000’000 UAH of lesbekov since launch

Last Friday Monobank has announced a new service “buy parts” — your interest-free installments in Ukrainian stores. The first partner Bank network was Comfy, and Saturday, November 10, customers have designed purchases on 1 million hryvnias. About this in his Facebook wrote the co-founder of the project Oleg Gorokhovsky.

Last Friday Monobank has announced a new service “buy parts” — your interest-free installments in Ukrainian stores. The first partner Bank network was Comfy, and Saturday, November 10, customers have designed purchases on 1 million hryvnias. About this in his Facebook wrote the co-founder of the project Oleg Gorokhovsky.

Last Friday Monobank has announced a new service “buy parts” — your interest-free installments in Ukrainian stores. The first partner Bank network was Comfy, and Saturday, November 10, customers have designed purchases on 1 million hryvnias. About this in his Facebook wrote the co-founder of the project Oleg Gorokhovsky.
How does it work?

“Purchase parts” available for any goods with a value of UAH 1,000, while the upper threshold is determined by the individual limit on credit. Soon design will be directly available on the website Comfy, and yet this can only be done at the checkout. The passport was not needed — it is sufficient to report the method of payment to the employee of shop and confirm in-app purchase Monobank.

The first payment will be immediately next in a month, and so on. Any additional fees, not even if you pay in credit funds (against 4% in PrivatBank). The installment can be repaid ahead of schedule.

Regular installments Monobank works with all purchases from 1,000 hryvnia in any stores, but in this case, the Commission is 1.9% of the value of goods per month.
Some statistics

Oleg Gorokhovsky also reported that in the month Monobank captures 7 million card payments, and 33% of purchases are through mobile payment services Apple Pay and Google Pay. And since the launch of the Bank’s customers received 170 million (!) Kazbekov.

The bad news for those who prefer to make short deposits per month — for them the interest rate will be reduced from 16% to 13.5% per annum. The new rules come into force on 19 November, so there’s still time.

Source: Oleg Gorokhovsky