mylo, the fintech arm of B.TECH, has introduced a new feature that allows customers to pay their installments through the InstaPay app. The move is designed to improve access to digital financial services and make everyday payments faster and more convenient for users.
The new feature allows customers to complete installment payments using their mobile number, national ID or a registered company code. This gives users more flexibility in how they manage their payments and reduces the need for traditional, time-consuming methods.
Expanding Access to Digital Financial Services
This initiative is part of mylo’s broader strategy to deliver instant and secure digital payment solutions. By integrating with a widely used platform like InstaPay, the company is making its services more accessible to a wider group of customers who are increasingly relying on digital tools in their daily lives.
The development also supports the wider adoption of non-banking financial services in Egypt. By simplifying how customers interact with installment payments, mylo is helping to bring digital financing closer to everyday use. Customers can now manage their financial commitments more efficiently, without the delays and inconvenience often associated with offline payments.
Mohamed Khattab, CEO of mylo, said the integration is a key step in improving the company’s service offering. “Providing the service of paying installments through the app gives customers greater control over managing their financial obligations easily and anytime, offering them a convenient way that saves time and effort in carrying out their daily financial transactions,” he said.
Supporting Flexible and Responsible Spending
The introduction of this feature builds on mylo’s position as one of the first consumer finance companies in Egypt to receive approval from the Financial Regulatory Authority for full digital registration and a fintech license. This regulatory backing has allowed the company to expand its digital services with confidence.
mylo currently offers flexible installment plans of up to 48 months and works with a network of more than 5,000 brands across over 15 categories. These options are designed to support more responsible spending while giving customers the ability to plan their purchases over time.
Khattab added that the company remains focused on improving user experience through practical solutions. “Enabling installment payments via InstaPay represents an important step toward delivering a more seamless and flexible payment experience through integration with a widely used digital platform,” he said.
As digital payments continue to grow, initiatives like this are expected to play a key role in shaping how consumers access and manage financial services. By combining flexibility, accessibility and speed, mylo is positioning itself to meet the changing needs of modern consumers while contributing to the ongoing shift toward a more inclusive digital financial ecosystem.
