mylo Integrates with InstaPay to Streamline Instalment Payments in Egypt

Mohammed Fathy

Last updated 30-03-2026

3 min

mylo now lets customers pay instalments directly through the widely used InstaPay app.

Users can settle dues via mobile number, national ID or company code.

The move aims for “fewer queues, fewer clicks” and smoother daily transactions.

mylo holds full digital registration and a fintech licence from regulators.

The shift signals embedded finance blending into everyday life in Egypt.

In Cairo’s fast-moving fintech scene, mylo is making another push to simplify how customers handle their money. The company, which grew out of B.TECH, has introduced a new feature that allows users to pay their instalments directly through the InstaPay financial services app. In short, fewer queues, fewer clicks, less faff.

Customers can now settle their dues on InstaPay using their mobile number, national ID, or a registered company code. It sounds simple, and that’s precisely the point. The move is part of mylo’s broader strategy to expand its payment channels while offering what it describes as a more instant and secure digital payment experience.

Mohamed Khattab, CEO of mylo, said enabling payments through InstaPay marks an important step towards delivering a smoother and more flexible process, particularly by integrating with a platform that is already widely used in Egypt. He noted that giving customers the option to pay instalments through the app offers greater control over managing their financial obligations anytime, in a way that saves time and effort in day-to-day transactions.

That focus on everyday convenience feels spot on. If you have ever tried juggling multiple instalment payments the old-fashioned way, you’ll know it can be a bit of a headache. I remember speaking to a young founder at a Cairo startup event who told me he schedules his day around transfer deadlines, not exactly ideal when you’re building a company. Tools that shave off even a few minutes can make a real difference. And believe it or not, those minutes add up.

On the flip side, the competition in Egypt’s digital payments space is fierce. Everyone wants to own that daily financial touchpoint. But mylo does bring some weight to the table. It is among the first consumer finance companies in Egypt to secure approval from the Financial Regulatory Authority for full digital registration and a fintech licence. That regulatory nod is no small detail; in this market, compliance can be a serious hurdle.

The company offers instalment plans of up to 48 months and works with more than 5,000 brands across over 15 categories. From electronics to home appliances and beyond, that network gives customers flexibility in how and where they spend, ideally in a more conscious and responsible way, as the company positions it.

For the wider ecosystem, this kind of integration signals something bigger. Non-banking financial services are blending more naturally into daily routines. Paying an instalment is becoming as straightforward as sending money to a friend. I reckon this is definately the direction the market is heading, embedded finance, fewer barriers, more control in the hands of users.

For readers at Arageek who follow the region’s startup energy, this is another reminder that fintech in Egypt is not standing still. It’s evolving quietly but steadily, stitching itself into ordinary life. And sometimes, that quiet progress is what really moves the needle.

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