Sri Lanka’s leading private sector bank HNB PLC announced the beginning of an exclusive partnership with the first and only local education payment platform, myfees.lk.
Powered by HNB, the payment platform offers parents and educational institutes alike a seamless collection and reconciliation process for payments at the click of a button. Specifically targeting the education sector, this new partnership offers a secure, convenient and easy payment facility for all.
“The COVID-19 pandemic saw the education sector shift to digital platforms to ensure its uninterrupted continuation during the lockdown period. As a private sector bank continuously making headway in the digital spectrum we are happy to power this innovative and convenient payment platform to facilitate parents and educational institutes,” HNB Deputy General Manager- Retail and SME Banking, Sanjay Wijemanne said.
Users simply need to log in to myfees.lk, fill in the relevant information and pay with the click of a button, saving time and the hassle of travelling. With payments accepted via all major credit and debit cards, the platform requires zero paperwork and has a record of all past payments.
“The significant number of educational institutes which have onboarded the MyFees platform is very encouraging in terms of the shift to digital platforms in Sri Lanka. Our partnership with HNB further cements the trust placed on us and offers us the flexibility to add new value-added services for students and institutions. We are excited about the growth of MyFees and we are evaluating the regional expansion of the platform which we feel has tremendous potential,” MyFees Director Faiq Faaiz said.
Launched in 2017, myfees.lk provides a secure and easy way to address the stress of fee payments with a seamless collection and reconciliation process for parents and schools alike. Additionally, the platform offers an unparalleled settlement process to institutes.
With 251 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 paradigm in digital banking. Over the recent past, the bank has continuously won prestigious accolades including being declared Best Retail Bank in Sri Lanka by the Asian Banker Magazine, in addition to ranking among the Banker Magazine Global Top 1,000. Locally, HNB leads the Business Today Top 10 rankings and also claimed seven awards at the Best Corporate Citizen Sustainability Awards 2019. The first Sri Lankan bank to obtain an international credit rating, HNB was assigned a rating of B1 by Moody’s Investors Service, and a national long term rating of AA+ (lka) by Fitch Ratings (Lanka) Ltd.