COLOMBO, Sri Lanka (July 11, 2026) — Families, students, and educational institutions across Sri Lanka are securing frictionless access to automated financial systems, systematically dismantling the administrative bottlenecks and manual overhead traditionally associated with academic fee collection.
The Catalyst:
To compress transaction processing times and bridge the digital divide in utility and institutional payments, esteemed ADFIAP member DFCC Bank PLC has entered into a strategic partnership with MyFees.lk, Sri Lanka’s premier education-focused digital payment platform.
Faced with a rapidly evolving educational landscape where schools, higher education institutes, and professional training bodies require more secure, transparent workflows, the two organizations have consolidated their systems. Spearheaded by DFCC Bank Director and CEO Thimal Perera alongside MyFees.lk CEO Faiq Faiz, this operational alliance integrates DFCC Bank’s robust Internet Payment Gateway (IPG) and automated payment acceptance infrastructure directly into MyFees.lk’s specialized billing interface.
The Tangible Impact for Sri Lanka:
Rather than managing passive credit lines or relying on brick-and-mortar cash counters, DFCC Bank is leveraging this financial technology ecosystem to drive structural digital inclusion. The partnership is actively advancing three core operational metrics:
- Massive Last-Mile Consumer Reconciliations: Strengthening the financial transaction infrastructure for more than 180 educational institutions across the island, providing a reliable, automated gateway that reaches a collective student population exceeding 650,000.
- Eliminating Manual Administrative Complexity: Deploying real-time merchant dashboards and automated fee settlement channels. This allows schools and professional training bodies to reconcile multi-tier tuition fees, structured payments, and student dues instantly, reducing traditional administrative ledger errors to nearly zero.
- Enabling Future-Ready Retail Financial Products: Laying the groundwork for advanced, data-driven financial solutions. The synchronized system opens up immediate avenues for institutions and families to access structured educational payment arrangements, secure real-time digital fund routing, and enhanced multi-platform payment acceptances (including Visa, Mastercard, and UnionPay).
The ADFIAP Perspective: Financing the Knowledge Economy – DFIs as Catalysts for Educational Modernization
As Development Finance Institutions (DFIs) across the Asia-Pacific region seek ways to advance human capital development and meet the UN Sustainable Development Goals (SDGs), DFCC Bank’s fintech integration offers a powerful operational model for the broader ADFIAP network.
The strategy highlights a vital reality for modern development banking: sustainable economic growth is directly dependent on accessible, modern educational infrastructure. By embedding advanced commercial payment gateways within a dedicated educational platform, DFCC Bank demonstrates how a progressive DFI can remove financial friction for families, safeguard institutional cash flows, and transform critical social infrastructure into highly efficient, digitally inclusive ecosystems.