Serge Belamant was born in France a place known as Tulle. At age 14 he moved to South Africa where he learned how to read and write in English. After completing high school education, he joined Witwatersrand University where he studied engineering at first before switching computer science in the second year. In his third year, he moved to the University of South Africa (UNISA) to study information systems. He did not complete his University education, and he decided to pursue his working career at age 22. After working for several companies as a system developer and computer specialist, Serge Belamant started his own company which he named Net1.
While in the company he managed to develop various software programs and applications which forced him to file patents for them. Investors often patent their inventions to protect them from copywriters and also market them for financial reasons. So far he has filed up to six patients with United State Patent and Trademark Office (USPTO). His first patent that Serge Belamant filed for was for the method apparatus used for controlling gaming. The apparatus is in a smart card form with non-secure display and input. The patent for this invention was granted in 2001. The second patent filed for was for Verification of a Transactor’s Identity. The system helps financial institutions to identify the identity of their clients. He filed for the patent in 2007, and it was granted in 2012.
The third system that Serge Belamant filed for its patent is Secure Financial Transactions which was filed for in 2007 and its publication year was 2010. The fourth invention that he wanted to protect was the Designation of Electronic Financial Transactions which he registered for the patent in 2007, and it was published in 2012. The fifth invention that Serge Belamant wanted to protect was Financial Transactions with a Varying Pin which was filed for in 2013 and published in 2014. The sixth and final invention that he was seeking a patent for is the Verification of a transactor’s identity which facilitates transactions between a transactor and a transacteee. The patent was applied for in 2007 and patented in 2014.