Egyptian consumer finance company mylo has enabled customers to repay installments through the InstaPay financial services app, using their mobile number, national ID or registered company code, the company announced.
The integration allows mylo’s borrowers to manage repayment obligations through one of Egypt’s most widely used digital payment platforms without visiting a branch or using a traditional payment channel. The company said the move is part of a broader strategy to reduce friction in its customer experience and align with how Egyptians increasingly handle daily financial transactions.
Mylo, which grew out of electronics retailer B.TECH, holds one of the first full digital registration approvals and fintech licences issued by Egypt’s Financial Regulatory Authority. It offers instalment plans of up to 48 months across a network of more than 5,000 brands spanning 15 product categories.
“Providing the service of paying installments through the app gives customers greater control over managing their financial obligations easily and anytime,” said Mohamed Khattab, CEO of mylo.
The development reflects the expanding utility of InstaPay, Egypt’s instant payment infrastructure launched by the Central Bank of Egypt, which has become a growing channel for non-banking financial services beyond its original peer-to-peer and merchant payment use cases. As more fintech and consumer finance players integrate with the platform, InstaPay is maturing from a payment rail into a broader financial services gateway.
