Arab Finance: MID Takseet, a consumer finance solutions provider, has entered into a partnership with the financial technology firm Basata to simplify installment payment processes for its customers, as per an emailed press release to Arab Finance.

This collaboration aims to offer more flexible and efficient financial options, improving the customer experience.

Through this partnership, MID Takseet customers can now activate their accounts and pay installments via Basata’s network, which includes 34 branches across 19 governorates and 160,000 points of sale (PoS) nationwide.

MID Takseet provides non-banking financial services through a range of products, including electronics, educational services, and home furnishings.

The company has allocated around EGP 750 million to expand its installment services, aiming to support financial inclusion and adapt to technological developments.

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