DFCC Bank PLC has entered into a strategic partnership with MyFees.lk, Sri Lanka’s leading education-focused digital payment platform, to advance digital payments across the country’s education sector.
The collaboration aims to provide schools, higher education institutions, professional bodies, and training providers with seamless, secure, and efficient digital fee collection solutions, significantly improving convenience for students and their families.
This partnership comes at a time when Sri Lanka’s education sector is rapidly embracing digital transformation. Educational institutions are increasingly looking for modern solutions to manage fee payments, reduce administrative burdens, and enhance financial transparency.
By integrating DFCC Bank’s robust digital banking infrastructure including its internet payment gateway and advanced payment acceptance solutions with MyFees.lk’s specialized education payment platform, the two organizations seek to create a more streamlined and user-friendly payment ecosystem for the entire education community.
MyFees.lk currently supports a wide network of educational institutions across Sri Lanka, enabling them to collect fees digitally while improving operational efficiency, real-time visibility, and financial management.
Also Read: The Sri Lankan Educational Landscape is Being Transformed by Infinite Group
Thimal Perera, Director/Chief Executive Officer of DFCC Bank PLC, highlighted the importance of the initiative, “At its heart, this partnership is about making life easier for families and strengthening the institutions that support learning. As education continues to evolve, parents, students and educators expect services that are accessible, convenient, and designed around their needs”.
He added that the collaboration goes beyond basic payment acceptance, opening doors to future-ready financial solutions such as enhanced settlement capabilities, structured payment plans, and other digital services tailored to the education sector.
Faiq Faiz, Chief Executive Officer of MyFees.lk, expressed enthusiasm about the partnership, “MyFees.lk exists to make fee collection effortless for institutions and for students. We provide schools and educational institutes a trusted, digital payment channel that ensures fees are collected on time, reconciled accurately, and disbursed without the friction of manual processes".
The partnership is expected to benefit all stakeholders in Sri Lanka’s education ecosystem. Educational institutions will enjoy reduced administrative workload and better cash flow management, while students and parents will gain access to convenient, secure, and transparent payment options.
This initiative reflects the broader trend of digitalisation in Sri Lanka’s education sector. As schools and universities continue to adopt technology to improve service delivery, robust digital payment infrastructure is becoming essential for operational efficiency and better user experience.
The collaboration between DFCC Bank and MyFees.lk is poised to set a new benchmark for education-focused fintech solutions in Sri Lanka. It demonstrates how strategic partnerships between traditional financial institutions and specialized technology platforms can drive meaningful innovation in critical sectors like education.
As Sri Lanka moves toward a more digitally inclusive future, such initiatives play a vital role in supporting the country’s education system by reducing barriers, improving accessibility, and fostering greater efficiency in financial transactions related to learning.
This partnership underscores the growing importance of public-private collaboration in transforming key sectors through technology and innovation.
