Net1 Technologies is proud to be the inventor of certain blockchain technologies in the world that has brought a shift in how things are done. In the world of finance, blockchain technology has aided financial transactions from happening in a safe and secure manner. In this modern age, it is possible to carry out a business using the credit or debit card. Trade operations have actually heightened even with the development of a universal debit card that can transact around the world.
Serge Belamant, noted that the Europay MasterCard Visa is a smart card that allows you to do business around the world so long as the card is acceptable at the entity you intend to engage with. It takes the form of a debit card, with a code or password that one needs to input in order to access particulars. The boon is that this blockchain technology is utterly secure encrypted and only authorized transactions can be processed.
The banking industry benefits from this technology as people do not necessarily have to queue at the banking halls to do business. On can access their account remotely; receive or make payment conveniently. It’s an apt way of doing financial transactions from various platforms including from a Point of Sale machine, at an ATM, online or at a financial institution. This electronic system has a biometric identifier through which one gets access from. If the personal data and sometimes thumbprint input is scanned and found correct, the transaction processing begins which can be done online or comfortably offline without ant computer connection. This technology has brought a revolution in the business world and is actually a trendy thing today.
About Serge Belamant
Serge Belamant is a technology expert who has helped many companies do smart card business using his inventions. He was a long-serving Chief Executive Officer at Net 1 UEPS Technologies for about 17 years and his tenure ended in 31st of May 2017. Serge Belamant has admirable expertise in artificial intelligence, biometrics, security, online and offline transaction system and also in operations research. He has worked at COPAC, Saswitch ATM network, MediKredit, Aplitec and the Control Data Corporation. He has an Information Technology and Management PhD.
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