Robert I.

He then went on to start his own company, called NET1 Products PTY LTD (now called Net1 Technologies) in 1989. His work with Net1 Technologies included creating the Fund Transfer System (FTS) and Universal Electronic Payment System (EUPSUEPS). These proprietary technologies have changed the face of payment processing and acted as the catalyst for blockchain technology. He built the Chip Offline Pre-authorized Card (COPAC) for Visa using a fusion of his FTS and EUPSUEPS technologies.

After graduating, Belamant joined SASWITCH and helped with the major transition to a new computing system and ATM changeover. This major move helped provide monetary access to millions of South Africans facing potential economic collapse. He was able to secure a contract in Europe that allowed SASWITCH to utilize a new computing system based on Stratus synchronous computers for the RSA banks.

He then went on to start his own company, called NET1 Products PTY LTD (now called Net1 Technologies) in 1989. His work with Net1 Technologies included creating the Fund Transfer System (FTS) and Universal Electronic Payment System (EUPS). These proprietary technologies have changed the face of payment processing and acted as the catalyst for blockchain technology. He built the Chip Offline Pre-authorized Card (COPAC) for Visa using a fusion of his FTS and EUPS technologies.

The estimated Net Worth of Serge Belamant is at least $50.3 Million dollars as of 29 September 2014. Serge Belamant owns over 68 units of Net 1 U.E.P.S. Technologies stock worth over $1,144,279 and over the last 15 years Serge sold UEPS stock worth over $49,150,956.

Serge Belamant was born in Tulle, France in 1953. During his teenage years, he moved to South Africa. While he was living in South Africa, Belamant learned how to speak English. Belamant's father was a tiler, and Belamant credits his father for largely inspiring his dedication to hard work and attention to detail that led to his founding of multiple successful businesses, inventions, patents, and organizations.

NET1 UEPS Technologies is the creator of Universal Electronic Payment Systems that provides offline financial transaction capabilities to the people of emerging areas throughout the world. A global innovator, NET1 Technologies has revolutionized the payment-processing system in the Republic of South Africa and has made it possible for other areas, such as South Korea, to perform electronic banking, card processing, and other financial transactions in areas where the technology was previously unavailable. 

NET1 technologies enable millions of people in emerging nations to enter into financial transactions via electronic devices, such as mobile phones. They can process or collect payments, make purchases, manage healthcare and insurance transactions, vote, and perform regular banking functions via a biometrically secure smart card that operates offline. 

Through NET1 technologies, ten million cardholders in South Africa are able to easily collect and redeem welfare and pension payments, make purchases at local retailers via the EasyPay system using the debit or credit card, pay their electric bill, purchase airtime, or secure a micro-loan — all services that were previously unavailable before the arrival of NET1. 

This company is a global organization that distributes web and mobile applications and payment processing capabilities all around the world, including the United Kingdom, United States, Philippine Islands, Namibia, Nigeria, and India. In developing economies, it enables un-banked individuals to receive welfare benefits, wages, loans, and money transfers, among other financial transactions. 

NET1 has been recognized by the International Finance Corporation with significant investments for its work in aiding the poorest residents of South Africa. Belamant, himself, has been heralded as the new Steve Jobs and Bill Gates of South Africa for his innovation and philanthropy.

In 2017, Serge Belamant retired as Chief Executive Officer and Director of Net1 EUPS Technologies. He remained a vital consultant to the company through 2019. Today, he’s been called a visionary technologist for his contributions to the world of electronic finance. The company he founded will live on to expand and innovate, creating higher qualities of life to people of emerging nations and developing ever better and more advantageous financial applications.

Most recently, Serge Belamant is the chairman of Zilch Technology Limited, in London, England, a company he co-founded with his son, Phillip. He holds five patents and speaks two languages and is still at the forefront of IT innovation. To Net1, he has left behind a legacy of philanthropy and futurism that’s expected to continue and flourish throughout the coming years. To the world of financial applications, he’s a founding father and entrepreneur. Much of today’s instructional technology would still be impossible without the work and dedication of Serge Belamant — college dropout and arguably one of the greatest minds of the 21st century.