Sri Lankan Start Up company PayMedia to showcase at GITEX and the Gartner Symposium

PayMedia Team

PayMedia Limited, one of the hottest new technology startups in Sri Lanka in the FinTech area after just over a year of operations, has been making waves in both the local and global market having also bagged a range of top notch awards at the National Best Quality Software Awards (NBQSA) last year.

Reaching another significant milestone in their journey of success PayMedia has now been chosen to present four of their latest product innovations at two of the leading entrepreneur forums overseas, namely GITEX which is amongst the top three largest startup events in the world in Dubai on 16 October and the Gartner Symposium in Gold Coast Australia on 24 October 2016. 

GITEX has been instrumental in launching the global startup movement with over 400 entrepreneurs, 250 regional, global VCs and investors and mentors from 60 countries, whilst the Gartner Symposium is slated as the world’s most important gathering of CIOs and Senior IT Executives that attracts over 24,000 attendees along with over 7000 CIO’s from the world’s most innovative organisations. 

PayMedia will be showcasing their four new products at both these forums and will be vying with top startup companies from all over the world.

The four new products that Pay Media will be presenting includes the first being an Electronic PIN Distribution Solution that will enable retailers with daily transaction monitoring, POS management and activation, PIN Stock controlling and payments and credit management. The second product is an Electronic Wallet solution that enables consumers to make financial and nonfinancial transactions using smartphones that act as their electronic wallet. With this innovative solution consumers can pay for goods and services, both transfer or withdraw money or request for funds.

The other two innovations by Pay Media comprise of firstly a micro finance mobile application that make payment collections an easy task for agents. It has a daily collection monitoring component along with geo tracking and analyzing risk all enabled through a cloud platform. The next innovative solution is an electronic bill presentment and settlement solution that will give the user the benefit of e –statements, bill aggregation, automated payments and settlements, bill analyzer and easy reconciliation of payments all of which can be done over the internet, mobile or through a kiosk.

PayMedia Ltd Founder Kanishka Weeramunda says “Innovation today, is a top priority of survival amongst companies as we step forward to face the challenges of an ever changing world that constantly demands the best, with many products going obsolete over a short period of time. This makes it essential that we need to be constantly innovating to produce products and brands that will be relevant to the different markets and industries we operate in. We at PayMedia are excited to be chosen to profile our latest products at these key forums which will give us a chance of competing and sharing this space with some of the most revolutionary and disruptive minds and the chance to work in partnership with some of the influential industry leaders from the technology community.”

Startups being a key contributor to the growth of a country, companies in the realm of PayMedia are those that the country can look upon and encourage in showcasing and putting Sri Lanka on the map as an exciting market for investors to look at innovative solutions.