Sri Lanka’s most technological-driven bank, HNB PLC, renewed its partnership with a leading online
payment portal dedicated to educational payments, MyFees.lk to provide a feasible online financial
experience for students and institutions alike.
The partnership will offer educational facilities with access to enhanced e-commerce functionalities
with the ability to provide customers seamless, robust and secure payment experience via HNB’s
integrated e-commerce payment management service CyberSource.
“Access to education has always been a priority for HNB. It is important that students have easy
access to educational facilities, regardless of any crisis the country faces. We have supported
Myfees.lk since its inception, and with the renewal of our partnership, we hope to provide an even
wider range of facilities for students and educational institutions. We hope our customers will use
this unique opportunity to invest in their education,” HNB DGM Retail & SME Banking Sanjay
Wijemanne said.
HNB also has extended payment facilities to include cash deposits through its extensive network of
Cash Deposit Machines (CDM) across the island. The move sets the bank apart as the most versatile
payment facilitator for the education industry, with payment options now available via cash, debit
and credit cards.
Moreover, a partnership with LANKAQR will offer customers access to the payment portal across
27 mobile wallets in the near future. HNB will also provide below-market interest rates to support
the educational institution during the collection process while offering students a convenient 0%
interest instalment payment scheme.
“Our partnership with HNB has only cemented our relationship with students and educational
institutions we work with. We are excited to offer new facilities to our customers through
CyberSource and the option of directly paying fees via the CDMs across the island. We encourage
everyone to use our secure payment portals to make any payment necessary,” MyFees CEO Faiq
Faaiz said.
Powered by HNB, the payment platform offers a seamless collection and reconciliation process for
payments for educational institutions while students can make use of convenient payment facilities
and other benefits.
Notably, MyFees has partnered with over 60+ educational Institutes and International schools and
hosts over 30+ branches from the North to the South of the island. Currently, over 65,000 students
use MyFee.lk as their primary channel to pay for their educational needs.
With 265 customer centres across the country, HNB is one of Sri Lanka’s largest, most
technologically-innovative banks, having won local and global recognition for its efforts to drive
forward a new Aparadigm in digital banking. HNB has a national rating of AA- (lka) by Fitch Ratings
(Lanka) Ltd. The bank was also ranked among the World’s Top 1,000 Banks list compiled by the
prestigious UK-based Banker Magazine for five consecutive years.
Caption: (From left) HNB Aggregator Solutions Executive Krishan Jayamanna, HNB Product Head
Merchant Services & Digital Pay Products Gayan Gunawardane, HNB Head of Acquiring & Digital
Payment Solutions Zacky Ahamed, HNB Head of Cards Gauthami Niranjan, HNB DGM Retail &
SME Banking Sanjay Wijemanne and MyFees CEO Faiq Faaiz, MyFees Co-founder Tariq Cassim and
MyFees Manager Business development Kevin Perera were present during the renewal of the
partnership