Serge Belamant was born in France in 1953. Most of his formative years were spent there, but his family moved to South Africa when he was 14. There he excelled in playing various sports and chess. After graduating high school in 1972 he began studying engineering, computer science, and applied mathematics at Witwatersrand University. He never completed his studies here but instead started working at an engineering firm known as Matrix. Here Serge Belamant has develop software for IBM computers. He was later made the head of the computer department of Center for Scientific and Industrial Project (CSIR).
Here he led in the development of graphics interfaces, digital mapping, and road network analysis. He was later joined the team of supercomputer manufacturer, Control Data. He eventually became the head analyst for ESKOM (national grid supplier). After being named analyst of the year in 1980, he was trained to run the COBRA system for the RSA military. In 1982 he joined DATABANK and created the first scientifically driven financial system. There Serge Belamant developed a groundbreaking 10-step program to analyze risk for Bancorp.In 1989, Serge Belamant conceptualized the world’s first RSA POS system.
It was at this time that he started his own business, which he called Net1. Net1 purchased and absorbed Cash Paymaster Services in 1999. This was a company that delivered grants to South Africans. Since the 90s Net1 has signed partnership deals in Namibia, Botswana, Burundi, Russia, Ghana, and Iraq. By 2017, he was both Net1’s Chairman and CEO. During that same year he also became a business consultant.Net1 Technologies is the recognized creator and developer of blockchain technology. The company first used its patented for their smart which is compatible with Europay MasterCard Visa. It had the capability of working both online and offline without the need of a centralized computer.