Yara Technologies unveils YaraPay

Yara Technologies announced the launch of YaraPay, an AI-driven, purpose-built payments platform for education that makes collecting, reconciling, and paying out school fees fast, transparent, and hassle-free. Designed for higher-education institutions, schools, pre-schools and tuition institutes, YaraPay connects into an institution’s edtech system while opening new rails for digital fee collection across online payments, education loans and credit cards.

“Education needs rails that actively drive collections across multiple payment methods using AI that understands semesters, grades, bursaries and real family behavior, not generic checkout buttons,” said Chaminda V Silva, Co-Founder & CEO of Yara Technologies. “With YaraPay, finance teams can collect upfront with clear reconciliation, while parents and students get flexible options, including no/low-interest installment plans.”

YaraPay makes fee collection straightforward. Parents can pay in a click, reminders go out automatically, and smart invoices cut down on follow-up calls. Where helpful, families can choose affordable installments through partner banks, with updates sent by SMS and the Talkative Parents app.

For your finance team, real time access to payment details. Clear dashboards show what’s collected and what’s overdue. Built-in AI spots patterns across terms, predicts who may fall behind, and suggests the next best step when to nudge, which channel to use, or whether to offer an installment plan so cash comes in faster with fewer manual tasks.

YaraPay uses bank-grade protections and a privacy-first approach aligned to local regulations. Its API-first design means it plugs into your existing systems today and supports new integrations and partner programs as your institution expands.

“Universities and schools have told us about the significant admin burden of chasing receipts,” added Ranga de Silva, Head of Product at Yara. “With YaraPay, finance goes from spreadsheets to single-click clarity, while parents get a smooth payment experience.”

YaraPay is scheduled to officially launch the new branding at the end of this month with 30+ higher-ed and leading schools already signed up. In addition, the partnerships across 10 leading private banks in Sri Lanka, enabling credit card acquisitions/ limit enhancements, installments and education-loan rails.

YaraPay leverages Yara Technologies’ footprint in edtech to deliver an end-to-end payments layer across the student lifecycle from preschool all the way to post graduate education. Its proprietary technology enables channel partners, banks, mobile service providers and ed-finance providers to co-create offerings such as facilitating education loans, card acquisitions, limit enhancements, scholarship disbursements via YaraPay’s last-mile payment rails.