"I'm the general manager of Paze, one of the business units of Early Warning Services. The mandate is really to take Paze and bring this new payment checkout system to the masses - both on the consumer side and on the merchant side - really making sure that our goal of becoming one of the top three wallets for checkout in the next five years becomes reality."
"Early Warning did over $1.2 trillion in 2025 - it continues to grow, which is quite impressive. We learned a lot from the Zelle journey, and at Paze, we believe we can replicate that."
"The ecosystem is shifting. You still have today, primarily, a lot of usage of guest checkout and manual entry of your debit card, your credit card, or alternative payment methods. Consumer wallet usage overall remains around 9-10% of transactions depending on the source."
Paze, a digital wallet backed by major banks, aims to transform e-commerce checkout by leveraging the success of Zelle. With Serge Elkiner as GM, the goal is to become one of the top three wallets within five years. The current payment landscape shows a significant reliance on guest checkouts and manual card entries, with consumer wallet usage remaining low. Paze seeks to replicate Zelle's success in the peer-to-peer payments space by enhancing consumer behavior and trust in online shopping.
Read at Tearsheet
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