HNB collaborates with the leading online educational payment portal – MyFees.lk

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.