By: Staff Writer
June 08, Colombo (LNW): PayMedia Ltd., a leading provider of digital financial solutions in Sri Lanka, has appointed Dr. Dharmasri Kumaratunge as its new Chairman in a strategic leadership reshuffle aimed at accelerating innovation and regional expansion.
Dr. Kumaratunge, a seasoned economist and veteran in financial services, brings over 35 years of experience spanning banking, financial technology, international trade, and digital transformation. He previously served as Assistant Governor at the Central Bank of Sri Lanka (CBSL) and was Director of the CBSL’s Payments and Settlements Department from 2016 to 2022. He also held the position of Secretary of the Ministry of Technology.
His appointment is expected to enhance PayMedia’s alignment with global standards, reinforce governance, and support long-term sustainability. The company said it is honoured to welcome Dr. Kumaratunge, citing his deep industry insight and leadership as critical assets in guiding PayMedia through its next phase of growth.
PayMedia’s board now comprises three senior leaders: Dr. Kumaratunge as Chairman, company Founder Kanishka Weeramunda, and Rohan Muttiah, who joined as a non-Executive/Independent Director in November 2024.
Weeramunda, whose vision founded the company, played a key role in transforming Sri Lanka’s digital payment landscape. Under his guidance, PayMedia introduced innovative solutions in payment automation and financial inclusion, earning recognition both locally and internationally.
Muttiah, a veteran in banking and IT governance with 45 years of experience, brings critical oversight on areas including cybersecurity, artificial intelligence, fraud management, and digital banking channels. His broad expertise in public and private sector governance is expected to strengthen the company’s compliance and risk management capabilities.
The leadership appointments come at a crucial juncture as PayMedia intensifies its expansion efforts in international markets including the Maldives, Bangladesh, and Nigeria. The company is also enhancing its digital onboarding technologies and card issuance solutions within Sri Lanka’s cooperative and banking sectors.
With nearly 200 professionals on its team, PayMedia is certified with ISO 9001:2015 and complies with PCI DSS standards, reflecting its commitment to quality management and secure payment systems. The new leadership structure is anticipated to drive increased agility, innovation, and growth as the company continues its mission to empower financial institutions and communities through advanced financial technology.
