Mylo Integrates InstaPay to Revolutionize Installment Payments in Egypt’s Fintech Market

Precious Olowookere

Mar 30, 2026 • 1 min read

By merging consumer finance with instant payments, Mylo is reshaping how Egyptians manage installment dues, driving both convenience and financial inclusion.

An Egyptian fintech platform, Mylo, is launching a new InstaPay feature that ensures users can easily make installment payment dues with the use of their mobile number, national ID, or with a registered organization code.

Mylo was born out of B.TECH in order to strengthen Egypt’s instant digital payments system while showcasing Mylo’s strategy to deliver secure, flexible, and user-friendly financial solutions. This function aims at reducing the demand that comes with traditional methods of payment by providing users with straightforward identifiers to settle their due installments.

Since its launch in 2022, InstaPay has enabled 24/7 real-time transfers between bank accounts and digital wallets, significantly improving financial accessibility and efficiency across the country.

Speaking on this integration, Chief Executive Officer Mohamed Khattab, stated that;

“By integrating monthly payments within a major network like InstaPay, the launch will give users more financial freedom and control, enabling them to make purchases from anywhere at any time”.

The system is built to offer flexible installment plans of up to 48 months, supporting a wide range of brands over 15 different categories in order to support and enhance a responsible spending habit. The company believes that the action is in line with its broader plan to offer quick and safe digital payment options that are tailored to the expectations of modern-day customers.

As one of the first companies to receive Consumer Finance FRA approval for digital on-boarding, the development reflects the rapid growth of Egypt’s instant payment ecosystem.

About Mylo

B.TECH launched Mylo, an Egyptian fintech platform and consumer financial solution. For purchases made from any partner retailer, it provides flexible installment payment methods. The platform's main goal is to make credit easier to acquire, allowing customers to divide payments across time and manage their money in a seamless and digital-first approach.

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