DFCC Bank PLC has entered into a strategic partnership with MyFees.lk, Sri Lanka’s leading education-focused digital payment platform, to strengthen digital payment capabilities across the country’s education sector and improve payment convenience for institutions, students, and families.
The partnership reflects the growing digitalisation of education-related financial transactions, as schools, higher education institutions, professional bodies, and training providers increasingly seek more efficient, transparent, and secure ways to manage fee collection and payments.
By combining DFCC Bank’s digital banking capabilities, including its internet payment gateway and payment acceptance solutions, with MyFees.lk’s specialised education payment platform, the collaboration aims to simplify payment processes while reducing administrative complexity for educational institutions.
MyFees.lk currently serves a broad network of education providers across Sri Lanka, supporting digital fee collection and helping institutions improve operational efficiency, visibility, and financial management.
Commenting on the partnership, Thimal Perera, Director / Chief Executive Officer, DFCC Bank PLC, said, “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 increasingly expect services that are accessible, convenient, and designed around their needs. By combining financial services with digital innovation, we are helping create a more connected education ecosystem that reduces complexity, improves accessibility, and delivers meaningful value to the communities we serve.”
Beyond payment acceptance, the collaboration creates opportunities to explore future-ready financial solutions for the education sector, including enhanced settlement capabilities, structured payment arrangements, and other digital financial services designed to support both institutions and learners.
Faiq Faiz, Chief Executive Officer of MyFees.lk, said, “MyFees.lk exists to make fee collection effortless — for institutions and for students. We give schools and educational institutes a trusted, digital payment channel that ensures fees are collected on time, reconciled accurately, and disbursed without the friction that has always come with manual processes. Today, we serve 180+ educational institutes across Sri Lanka, reaching a student population of over 650,000. Partnering with DFCC Bank strengthens that foundation — extending our reach and deepening the banking infrastructure behind a platform that institutions across the island have come to rely on.”
As Sri Lanka’s education landscape continues to evolve, digital payment infrastructure is becoming increasingly important in supporting operational efficiency, transparency, and convenience. Through this partnership, DFCC Bank and MyFees.lk aim to contribute to a more connected and efficient financial ecosystem that benefits educational institutions, students, and families alike.
The partnership forms part of DFCC Bank’s ongoing efforts to support digital transformation through financial solutions that respond to the changing needs of individuals, businesses, and institutions, while contributing to broader economic and social progress.