mylo Integrates with InstaPay to Enable Seamless Digital Installment Payments
mylo, the innovative fintech venture born out of B.TECH, has announced a strategic integration with the InstaPay app. This new feature allows mylo customers to settle their due installments instantly using only their mobile number, National ID, or company code. The move is designed to streamline the debt-repayment process, migrating users away from traditional payment hurdles into a unified, high-speed digital experience.
As one of the first Egyptian consumer finance firms to receive the Financial Regulatory Authority’s (FRA) license for full digital registration, mylo is doubling down on its "digital-first" strategy. Mohamed Khattab, CEO of mylo, noted that this integration gives customers greater autonomy over their financial obligations. By leveraging InstaPay’s massive user base, mylo is enhancing its operational efficiency while providing a flexible, 24/7 payment channel that fits the fast-paced lifestyle of modern Egyptian consumers.