PayMedia wraps up 2018 with Eleven Awards

PayMedia, a rapidly evolving Financial Technology (Fin-Tech) company in Sri Lanka, won eleven awards in total in 2018, and was highly commended for the leadership of its Founding Director, Kanishka Weeramunda, who was recognized with multiple leadership awards himself.

These accolades won by PayMedia, which are a testament to the company’s innovation and creativity includes six awards at NBQSA, two awards at e-Swabhimani 2018 – Digital Social Impact Awards organized by Information and Communication Technology Agency of Sri Lanka (ICTA), one award at the CSSL ICT Awards and two awards at the CMI Excellence Awards.

PayMedia’s visionary CEO Kanishka Weeramunda was recognized as the “Entrepreneur of the Year” at the National Best Quality ICT Awards (NBQSA) and “ICT Leader of the Year 2018” at The Computer Society of Sri Lanka (CSSL) ICT Awards which was presented to Weeramunda by His Excellency President Maithripala Sirisena. He was also named the Best CEO of the Year and the Best Future Leader of the Year in the small and medium service sector category at the CMI Excellence Awards 2017, which was held in April this year.

Delivering better customer experience has become a key priority for most banks in recent years. Therefore, PayMedia, a truly Sri Lankan company was started with the aim of providing the best calibre of total software solutions for banks and other institutes. While keeping the focus on Fin-Tech, the company wants people to trust and enjoy the convenience of digital technology and disrupt the payment processes in the country and around the world.

The company is driven by a team of ambitious and committed young individuals who are acutely aware of the limitless growth potential of PayMedia. The products of the company are currently simplifying the user experience of millions around the country and enables the clients to gain a competitive edge by enhancing digital services based on process automation and real time payments. Some of the innovative customized solutions are cash deposit ATM/KIOSK switching, KIOSK hardware and POS devices. The company also specializes on desktop, web, mobile and KIOSK applications, including feasibility studies conducted for independent system audits to ensure higher rates of ROI.

PayMedia Private Limited was established in 2014 and the company has achieved a rapid growth ever since currently enjoying a worldwide presence with established operations in Sri Lanka, Australia, Netherlands and Belgium. The company also plans on entering the Middle-Eastern countries in the near future.

As of now, the company has successfully launched projects with Sampath Bank PLC, Nations Trust Bank, Amana Bank PLC, Hatton National Bank PLC, LOLC Finance Company, Central Finance PLC and the Ceylon Electricity Board. In addition, PayMedia has also undertaken several new projects with financial and banking institutes such Sanasa Development Bank, Citizens Development Business Finance PLC, Ceylinco Life Insurance Limited and Sri Lanka Red Cross Society.

PayMedia is a company well-known for revolutionizing the banking and financial industry by disrupting the conventional banking system in Sri Lanka. With the introduction of the Smart POS solution, PayMedia has entered the digital era by shifting conventional methods of daily transactions by bringing convenience through innovation. These solutions are the definition of a modern life and the approach aims at minimizing the hassle an individual goes through during their regular banking experience.

In a nutshell, the company uses innovative new techniques to provide a remarkable degree of products, while remaining pragmatic, affordable and effective. PayMedia ensures that the customers, the financial institutes and the merchants are satisfied by making their lives better and efficient and ultimately enhancing the economy as a whole.