Serge Belamant was born in Tulle, France in 1953. He moved to South Africa at the age of 14. In college he changed his course of study in his second year from engineering to computer science and mathematics. Then in his third year he took courses through UNISA, but never completed his degree due to not wanting to retake courses he had already passed. Serge received training in Washington DC in linear and non-linear programming to run COBRA system for the RSA military. Following this Serge was awarded analyst of the year in 1982.
Serge Belamant was head hunted to join SASWITCH and it was at this time he developed his first patent. He is a developer whose first patent dates back to October 1989. This development called NET1 was the reason for his move to the USA. His business move was mainly in part to NET1 growing mainly outside of South Africa. NET1 reached more than the 2 billion USD mark. In 1995 Serge Belamant entered into an agreement with Visa to develop the chip. Many of the patents developed by him were for betterment of financial operations. There are a total of 6 developments that mainly deals with finances. There are two patents showing NET1 as being the applicant and the inventor is Serge Belamant. Of the 6 developments 2 of them have patents.
The first patent dated May 22, 2001 was created for the memory of a smart card in order to save information for gaming operations. This patent called Method and apparatus for controlling a gaming operation. This patent is used in hotels and other locations with secure and non-secure betting and allocation of winnings. The other patent dated July 1, 2014 was created for financial facilities to verify the identity of the transactor and the account the transactor has with the financial facility. All information is operated by an independent verifier. The identity and account of the transactor are stored and held by the financial facility. In order for the information to be provided the transactor must input his/her identifier when subscribing to the service.