Monobank launches electronic signature: what will change for business
15 April 20:57
Monobank has announced the launch of beta testing of its own qualified electronic signature, called monoKEP. This was reported by Komersant ukrainskyi with reference to the Telegram channel of Monobank co-founder Oleg Gorokhovsky.
According to him, this solution is designed to simplify the process of signing documents for users, both in business and in personal life, without the need to use separate tokens, complex instructions, or third-party services.
What is monoKEP?
monoQEP is a digital signature that meets the requirements of a QES (qualified electronic signature) and has full legal force in Ukraine. The user will be able to sign any documents directly in the Monobank application without leaving the bank’s interface and without additional technical means (media, secure flash drives, etc.).
The signature has full legal force in accordance with Ukrainian law and is compatible with most electronic platforms: Diia, M.E.Doc, tax office, public tender systems, etc.
Who can use it?
Currently, monoKEP is available only for individual entrepreneurs in a test mode. In the coming months, after collecting feedback, Monobank plans to expand access to all customers, including individuals. This will allow signing not only business documents, but also, for example, notarized statements, lease agreements, powers of attorney, etc.
How does it work?
Users can create a monoKEP in a few steps:
1. Log in to the Monobank mobile application.
2. Go to the section “Profile” → “monoCAP”.
3. Create a password that will be used to confirm the signature.
4. Pass verification through biometrics – face recognition or other parameters.
5. Receive a digital key, which is stored in encrypted form on the bank’s server (in accordance with the security requirements of the QES).
After that, the user will be able to sign any files in PDF or XML formats by clicking the “Share” button and selecting Monobank as a signature service. The system will instantly apply a signature that can be read by all major platforms.
What’s the benefit?
monoKEP solves several problems at once:
- You no longer need to use third-party services (such as Diya.Signature, BankID, or key sticks).
- There is no need to contact a CA (key certification authority) – everything is done automatically.
- Speed. Signing takes less than 30 seconds.
- Security. The signature is protected by a password, biometrics, and encryption.
This is especially convenient for individual entrepreneurs who often deal with invoices, contracts, certificates of completion, and declarations.
“We are taking another step towards making all banking and business services available in one smartphone. You will no longer need to search for a file with a signature in the depths of your computer or carry a token with you,” Monobank co-founder Oleg Gorokhovsky wrote on his Telegram channel.
Legal status and security
Monobank introduces monoKEP in accordance with the Law of Ukraine “On Electronic Trust Services”. The keys are stored on the bank’s secure servers using certified cryptographic algorithms.
Each signature is verified using a public key infrastructure (PKI). The data is encrypted on the client side, and the bank does not have direct access to the key itself – only to the processing of the signature request.
What’s next
The feature is expected to be available to all Monobank customers by the end of 2025. After the full version is launched, it will also be possible to sign documents via the web interface (for users working on laptops or in the office), as well as integration with CRM and ERP systems of small businesses.
