His educational background is Witwatersrand University and the University of South Africa. He was an exceptional student during his high school years. But his intrigue on matter computers leads him to quit school. He was more fascinated with the transformation of lives through technology.
Serge Belamant started at Control Data. He was working in the cyber net, and his primary focus was on security and privacy. His was main aim was a channel that allowed transactions to be secure, can be traced and not easily changed. At that point, he dealt with linear programming.
He later moved to Centre for Scientific and Industrial Research. It is at this point of technology journey that he was able to merge the linear and non-linear programs. The applications were useful not only to business and government agencies.
Serge Belamant big break was when he moved to SASWITCH. The previous system used by the bank had been pulled out during apartheid. He designed a new system that allowed communication between RSA banks with each other ATM’s. It was the second largest Atm switch in the world.
In 1989, he started his entrepreneurship journey. He formed Net1 technology. He was relying on Fund Transfer System (FTS) and later came up with the Universal Electronic Payment System (UEPS). In 1995, Net1 Technology was hired by Visa to increase the security of their branded cards. Visa was looking for less misuse of credit, fraud, and easy verification of identification. At this point, Serge Belamant merged FTS and UEPS into new technology, Chip Offline Pre-authorized Card (COPAC). The transformation was massive.
In the later 90’s he bought the CPS (Cash Payment System) from the National Bank of South Africa. The bank could not service over 1 million clients. Through the use of the UEPS system, he improved the CPS through speed and security of the transaction. He was able to transform lives in the rural RSA.
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