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PayMedia celebrates 12 years of powering Sri Lanka's fintech future
PayMedia (Pvt) Ltd, one of Sri Lanka's foremost financial technology companies, proudly marks its 12th anniversary this year, a milestone that reflects over a decade of relentless innovation, trusted partnerships, and leadership in the nation's digital payments journey. Founded in 2014 by visionary entrepreneur Kanishka Weeramunda, PayMedia set out with a clear ambition: to deliver robust software solutions to banks and financial institutions, and to make digital technology something people could genuinely trust and enjoy. Twelve years on, that vision has grown into a comprehensive suite of products that simplify the financial lives of millions across Sri Lanka and the wider region.
From its head office in Colombo, PayMedia has built a reputation for engineering solutions that sit at the heart of modern banking, including digital and electronic wallets, smart banking platforms, micro-finance mobile applications, fully digitised customer onboarding, and AI-powered digital solutions. These technologies have empowered financial institutions to operate around the clock, reduce friction, and bring secure, convenient services to the customers who need them most.
“Reaching twelve years is not just about how far we've come, but about the trust our partners and customers have placed in us,” said Kanishka Weeramunda, Founder of PayMedia. “Every solution we build is designed to make financial services more accessible, secure, and seamless. As we look ahead, our mission remains the same — to keep disrupting the way payments work, in Sri Lanka and across the world.”
As it celebrates this anniversary, PayMedia reaffirms its dedication to driving financial inclusion through technology, nurturing local talent, and contributing to Sri Lanka's emergence as a competitive hub for fintech innovation. With a culture built on thinking differently every single day, the company is well positioned to deliver the next generation of digital financial experiences.
PayMedia wins Overall Gold Award at NBQSA 2025
PayMedia (Pvt.) Ltd achieved the Overall Gold Award at National Best Quality Software Awards (NBQSA) 2025, with BoC Flex recognised as the Best of the Best Software Application in Sri Lanka.
PayMedia achieved another remarkable milestone by winning the Merit award for its Digital Wallet Solution under the Banking and Finance Category and the Gold award for the BoC Flex mobile app under the Digital Government Category. These prestigious honours mark a defining moment in PayMedia’s journey from a humble Sri Lankan start-up to a nationally acclaimed fintech leader.
Founded with the vision of transforming financial technology and payment automation, PayMedia’s mission has always been to simplify and secure digital payments. Over the years, the company has earned trust as a dependable partner for major banks and financial institutions.
Winning the Overall Gold and Digital Government Gold Awards for BoC Flex highlights PayMedia’s excellence in scalability, innovation and national impact. These achievements reflect years of disciplined teamwork, research and a strong people-first culture that values creativity and accountability.
PayMedia Expands Executive Team with New Chairman and Director Appointments
PayMedia Ltd., a leading digital financial solutions provider in Sri Lanka, has appointed Dr. Dharmasri Kumaratunge as its new Chairman to strengthen leadership and drive innovation in the fintech sector. A respected economist with over 35 years of experience, Dr. Kumaratunge has held senior roles including Assistant Governor of the Central Bank of Sri Lanka, Director of its Payments and Settlements Department, and Secretary to the Ministry of Technology. His appointment reflects PayMedia’s focus on global best practices, strong governance, and sustainable growth.
The PayMedia Board includes Founder Kanishka Weeramunda, whose visionary leadership pioneered innovative payment automation and financial inclusion solutions, and Rohan Muttiah, a seasoned banking and technology leader who joined as a Non-Executive/Independent Director in November 2024. Muttiah brings extensive expertise in digital banking, IT governance, cybersecurity, data privacy, fraud management, and AI, further strengthening PayMedia’s strategic oversight and innovation agenda.
PayMedia Powers the Next Evolution of Digital Payments with DhiraaguPay, Maldives
PayMedia has played a pivotal role in the upgraded DhiraaguPay platform, launched by Dhiraagu Fintech, introducing cutting-edge features for individuals and businesses across the Maldives.
The upgraded DhiraaguPay platform now offers a more seamless, secure, and inclusive financial ecosystem, providing users with advanced features such as bill splitting, sub-wallets, peer-to-peer transfers, FAVARA transfers, bill payments, and spending insights. These enhancements are set to redefine how customers manage their finances and conduct transactions with greater convenience and efficiency.
