Serge Belamant

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.

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 (UEPS). 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 UEPS 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.