Serge Belamant, the Driving Force Behind the Success of Net 1 UEPS Technologies

Dr. Serge Belamant has been a sought-after consultant at Net 1 UEPS Technologies since 31st May 2017. Serge has an experience of over twenty years in the fields of biometrics, artificial intelligence, security, operations research, as well as off-line and on-line transaction processing applications. Dr. Belamant founded Net 1 UEPS Technologies, formerly known as Net1 Applied Technology Holdings Limited in 2000 and has worked as the CEO since then up to May 2017.

Serge Belamant spent approximately ten years serving at Control Data Corporation as a computer scientist, where he attained various international awards. Afterward, he was responsible for the creation, development, operation, and implementation of the Saswitch ATM system in South Africa, and it still ranks as one of the biggest ATM switching networks in the whole world. Belamant has also patented many other inventions apart from the FTS, and they range from biometrics to betting related inventions.

The use of blockchain debit card, a product of Net1 Technologies (UEPS) ensures reduced banking costs in the world. Net1 Technologies developed a patented blockchain technology typically on a smart card that works like a debit card. This smart card is compatible with Europay MasterCard Visa, and it works like a debit card where EMV cards are used. The smart card utilizes distributed ledgers that operate both online and offline without any form of communicating with a central server.

The smart cards can validate, encrypt, decrypt, and authorize transactions and also develop an audit record without a centralized server. This smart card can function without a power source connection and a centralized Point of Sale Device. Thus the blockchain smart cards can operate as a complete bank account without any bank infrastructure expenses.

Dr. Serge Belamant holds a Doctorate in Information Technology and Management and serves as MediKredit Integrated Healthcare Solutions’ Director. He also works as a board member in several other corporations that are related to smart card business. He also served as the director of Net 1 UEPS in South Africa from 1997 to 2004. Serge Belamant is a strategic visionary with technological ingenuity and comprehensive knowledge in the payments sector making him a sought-after asset in the development of many services and products in the industry.

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