Philip Belamant Turns Industry Disruption Into An Art Form

Philip Belamant was born in 1954 in Tulle, France. He is a French-South African computer scientist and entrepreneur who is most well known for developing the first blockchain technology system in 1989. He has also been recognized as one of the best bankers in South Africa.

He worked for Control Financial Services Group, where he was the principal architect of a system that controlled electronic funds transfers at the point of sale. This was the first company to successfully offer an electronic funds transfer at the point of sale.

Career

After receiving his degree in applied mathematics, computer science, and information systems at the University of South Africa, Philip Belamant worked for Matrix, a company that designed and implemented systems for banks.

He then went on to work at Control Financial Services Group, where he was the principal architect of a system that controlled electronic funds transfers at the point of sale. This was the first company to successfully offer an electronic funds transfer at the end of a sale.

Achievements

He created the Universal Electronic Payment System (UEPS). The UEPS is a financial application of smart card technology that allows users without bank accounts to access financial services through a network of retail outlets. During this time, the UEPS was one of the first payment systems of its kind, and Philip Belamant is considered the creator of an entirely new payment method.

In 1995, Philp Belamant founded the company that would eventually become Net1 Technologies. The original name of the company was Net1 UEPS Technologies Inc.