Venmo will enable rent, mortgage and retail payments through major partnership with Bilt
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Venmo takes a big step beyond splitting dinner bills.
Starting in 2026, users will be able to make rent, mortgage and retail payments directly through the app, thanks to a “first-of-its-kind” partnership with leading housing commerce platform Bilt Rewards. PayPal, owner of Venmo, made the announcement on Monday.
When the feature rolls out, Bilt members will be able to make payments directly through Venmo using their balance or associated payment methods. Venmo will also be added to Bilt’s existing suite of payment options.
PayPal said the collaboration with Bilt, the nation’s largest housing and neighborhood commerce platform with more than 5 million members across the United States representing one in four residential buildings, is part of its efforts to expand the way people use Venmo for everyday transactions.
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A shopper pays for a purchase using a smartphone at a market on March 22, 2022. (Hollie Adams/Bloomberg/Getty Images)
“The partnership integrates rent payments, mortgage payments and neighborhood commerce into the Venmo experience, marking a major milestone in Venmo’s evolution from a peer-to-peer payments app to an everyday commerce platform,” Paypal said in the announcement.
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Starting in 2026, Venmo users will be able to pay their rent and mortgages thanks to a new partnership with Bilt. (iStock/iStock)
The collaboration will also open Venmo’s doors to Bilt’s network of more than 45,000 merchants, enabling nearly 100 million Venmo users to pay at restaurants, stores, gyms, pharmacies and other local spots in the neighborhood’s Bilt ecosystem.
“Together with Bilt, Venmo brings new convenience to millions of renters while giving property managers, merchants and partners a simple and reliable way to get paid,” the company added.
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The Venmo app appears in the App Store on an iPhone. (Andrew Harrer/Bloomberg via Getty Images / Getty Images)
Bilt members will also be able to earn Bilt points, which can be redeemed for travel, fitness, home decor and more, according to the release.
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| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| PYPL | PAYPAL HOLDINGS INC. | 73.02 | +2.77 |
+3.94% |
With millions of people already relying on Venmo to manage their daily expenses, from sharing rent with roommates to paying landlords directly, PayPal’s partnership aims to make “one of life’s biggest recurring expenses more rewarding,” Diego Scotti, general manager of PayPal’s consumer group, told FOX Business in a statement Monday.
“Initial feedback has been very positive and we are excited to launch the product in early 2026.”
