PayMedia expands executive team with new Chairman and Director appointments

Friday, 6 June 2025 00:06 - - {{hitsCtrl.values.hits}}

From left: Chairman Dr. Dharmasri Kumaratunge, Non-Executive Director Rohan Muttiah and Founder/Director Kanishka Weeramunda

In a strategic move to further strengthen its leadership team and drive continued innovation in Sri Lanka’s fintech sector, PayMedia Ltd., a leading digital financial solutions provider, has announced the appointment of Dr. Dharmasri Kumaratunge as its new Chairman.

The company has two directors to its board: PayMedia Founder Kanishka Weeramunda, and Rohan Muttiah, a renowned figure in banking and technology leadership.

Dr. Kumaratunge, a respected economist and senior figure in the financial services industry, brings a wealth of experience in both regulatory frameworks and strategic governance. His appointment signals a renewed focus on aligning PayMedia’s growth trajectory with global best practices and long-term sustainability.

Dr. Kumaratunge has over 35 years of extensive experience in Banking and Finance, Financial Technology, IT and International Trade, Payment Processing, Information and Communication Technology and Digital Transformation. He held the position of Assistant Governor at the Central Bank of Sri Lanka (CBSL) and was a Director of the Payments and Settlements Department at CBSL from 2016 to 2022. Additionally, he served as Secretary of the Technology Ministry.

PayMedia said it is honoured to have Dr. Kumaratunge take the helm as Chairman, His leadership, vision, and deep understanding of the financial ecosystem will be instrumental as they enter a new phase of innovation and expansion.

PayMedia Founder Kanishka Weeramunda whose pioneering vision laid the foundation for the company’s success in revolutionising digital payment infrastructure in Sri Lanka. Under his leadership, PayMedia introduced several groundbreaking solutions in payment automation and financial inclusion, earning national and international acclaim.

Rohan Muttiah, an industry stalwart with decades of experience in banking, IT governance, and digital transformation. Muttiah joined the PayMedia Board in November 2024 as a non-Executive/Independent Director. He brings a wealth of experience in Digital and Digital Banking Channels. His previous senior roles in governance in the private and public sectors make him well suited to provide oversight on digital payments, cyber security, data privacy, AML/CFT, fraud management, and artificial intelligence. Muttiah is a technology visionary spanning 45 years and his attention to detail, pursuit of excellence, international exposure, and foresight are valuable additions to PayMedia.

The appointments come at a pivotal time as PayMedia accelerates its regional partnerships such as Maldives, Bangladesh, Nigeria etc. and digital onboarding technologies, and card issuance solutions across Sri Lanka’s cooperative and banking sectors. The enhanced leadership structure is expected to drive greater corporate agility, governance, and innovation across its portfolio. As PayMedia is certified with ISO 9001:2015 for quality management and has achieved PCI DSS compliance, demonstrating its commitment to international standards in quality and payment security. With a growing team of closer to 200 professionals and a strong track record in delivering secure and scalable fintech solutions, PayMedia remains committed to empowering financial institutions and communities through technology.

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