In 1980, Serge Belamant was named the analyst of the year while working with Cybernet application support team. This is one of the early achievements of Belamant, renowned tech experts especially in the field of financial technology. He is the patent holder of the blockchain technology, a technology that has become prominent in recent years after the invention of the cryptocurrencies.
Serge has had a great career as a tech expert. He started working at the age of 22 after dropping out of the university, but his star continued to shine thereafter. His breakthrough in his career came after SASWITCH hired him as the head of the IT department. The RSA banks owned this organization. The organization at the time was facing the challenge of recording real-time timestamps of transactions. Belamant was delegated the duty of dealing with the problem. Through his innovative mind, he managed to come up with a new National ATM board that worked without a fault. The innovations that he made while designing the new machine were exceptional. Never again had such innovation been made before. After this invention, Serge Belamant left SASWITCH to create NET1 Technologies in 1989. This company was built on the bases of some of the invention he had made while working with SAWSWITCH.
Find out more about Serge Belamant at Bloomberg.com
At NET1 technologies, Serge Belamant created the Universal Electronic Payment System (UEPS). This is the technology that he intended to use as he geared towards making even a greater impact in the financial industry.
NET1 Technologies later realized its breakthrough after they were hired by VISA to design a smart card using the UEPS technology. To complete this project, Serge Belamant had to move to the United States where everything he needed was available. Later NET1 Technologies was listed on the Johannesburg Stock Exchange after Belamant returned to South Africa.
NET1 also made another great achievement after it bought Cash Payment Services, a system that was used to pay welfare funds to over one million residents of RSA, mostly living in the remote parts of the country. This system was in need of modernization, and Serge Belamant modernized it to accomplish the set objectives of facilitating secure and swift disbursements.