Serge Belamant learned how to read and write in English after joining Highlands North High School which was only for boys. While at school, he was made the head prefect and he received various awards in athletics, rugby, academics, and chess. After completing his high school education he joined Witwatersrand University where he studied engineering. In second year Serge Belamant changed his course to applied mathematics and computer science. In 3rd year, he discontinued his studies and took courses associated with information systems.
Serge Belamant never completed his degree program because he was expected to repeat the subjects that he has passed. He then started to work at Matrix, an engineering firm. His responsibility in the company was to work on medium and small size IBM computer by use of finite element analysis software. He learned how to develop applications using Cyber computers. He has worked with many more companies that have provided with experience concerning computer solutions.
Serge Belamant was a consultant at Bancorp and he managed to create a ten-step programme that was used to analyze risk and also test business sustainability. This made him receive the RSA computer society membership. He later joined SASWITCH and headed the IT division. He helped the company successfully create and implement an advanced SASWITCH system for ATM switch. The banks did not implement the system because they wanted to first identify the value preposition that could be obtained after implementing the device and how the revenues could be shared.
Serge Belamant left SASWITCH and he established his company known as Net1 in1989 based on funds transfer system. In 1999, Net1 purchased Cash Payment services (CPS) from FNP. The CPS enabled approximately 1 million people in South Africa to pay for their welfare grants. After applying its UEPS (a resulting application from the FTS), the payment of grants was modernized as it provided speed, interoperability, and security.
Net1 Technologies developed a patented a blockchain technology that was on a smart card which acts like a debit card. With the help of distributed ledgers the smart card works both offline and online and communication with a centralized computer is not necessary.
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