PayMedia, a leading provider of digital identity verification solutions, has added another feather to its cap by winning the prestigious Gold Award for its eKYC solution at the National Best Quality Software Awards (NBQSA) 2023. The ceremony, held on October 25, 2023, with the participating of His Excellency Ranil Wickramasinghe, the President of Sri Lanka, at the Monarch Imperial, was a celebration of excellence, innovation, and dedication to quality in the technology industry. As businesses across various sectors are moving towards paperless transactions and online services, the need for secure and efficient customer identity verification has never been more critical. PayMedia’s eKYC solution provides a comprehensive and user-friendly platform for businesses to verify customer identities swiftly and securely.
At the heart of PayMedia’s success lies a relentless commitment to provide secured, quality, customer satisfaction and within timelines. The NBQSA, conducted annually to recognize and honor companies that excel in these areas, has brought PayMedia into the limelight once again. The eKYC solution’s achievement in the Gold Award category highlights its consistency in delivering quality services and solutions, while simultaneously ensuring the utmost satisfaction of its clients. The rigorous evaluation process scrutinized not only the product’s technical capabilities but also its ability to meet the evolving needs of businesses and its adaptability to changing market dynamics. PayMedia’s eKYC solution distinguishes itself by its ongoing innovation and adaptability. With a rapidly evolving regulatory landscape, the solution has consistently updated its algorithms to stay compliant with the latest industry standards and provide customers with the highest level of security. Its user-friendly interface and integration capabilities with various business systems have made it an invaluable asset to companies across industries.
PayMedia’s CEO, Kanishka Weeramunda, expressed his delight at the recognition. “We are honored to receive the Gold Award at the National Best Quality Software Awards 2023 for our eKYC solution. It is a testament to the hard work, dedication, and innovative spirit of our entire team. We remain committed to raising the bar and setting new standards in quality and customer satisfaction.” His main focus is to expansion of eKYC, which will not only enhance security and fraud prevention but also reduce paperwork and administrative burdens. This shift towards digital onboarding and eKYC will make it easier for individuals to access financial services, opening up opportunities for the unbanked population, promoting financial inclusion, and ultimately stimulating economic growth in Sri Lanka and support the authorities moving towards the Digital Sri Lanka.