After being employed for many years, Serge Belamant decided to go it alone and start his own company. It is in this period that he founded Net1 Technologies. The company was built around a single aspect of Funds Transfer System (FTS). In fact, Serge had made his name in the funds transfer, which is an apparent reason as to why he chose to continue with innovating systems that would be used in transferring money with ease.
Serge Belamant struggled to make his company relevant in the industry and used much of his resources, energy and time trying to convince banks to use his Universal Electronic Payment System, otherwise known as UEPS. Like other startup companies, Net1 Technologies struggled to get a grip of the industry and, in most cases, was operating at lower ends. This means that the company was finding it hard to sustain itself in an industry that was not responsive to technological changes. View Serge Belamant’s profile at Linkedin.
However, the fortunes of Net1 Technologies would drastically change when Visa, which is an international money transfer company, hired Serge Belamant, through his company, to create a new fund transfer system, which would be based on his Universal Electronic Payment System. Serge worked for this project when in the United States where he was able to access all the technology he needed. The system he developed is currently being used by Visa to prevent fraud and misuse of credit card.
The success of Visa project gives the limelight to Net1 Technologies where it becomes a global company that can be consulted fr financial and payment systems. Net1 Technologies was also listed in Johannesburg Securities Exchange, which is a clear indication that the company had grown to be accepted at the highest financial echelons.
Within the next few years, Net1 Technologies had established itself as one of the leading technology company in South Africa. The company bought Cash Payment Services, which was a system that was used to pay grants and owned by the First National Bank of South Africa. The acquisition of another payment option gave Serge Belamant the push he needed to be recognized as an expert in the financial industry where he was nicknamed the Henry Ford of IT sector. Learn more: https://bhekisisa.org/tag/serge-belamant