Venmo users to pay rent, mortgages amid PayPal, Bilt partnership | Latest Tech News
PayPal is aiming to carry rent and mortgage funds into the digital age.
The company announced a first-of-its-kind partnership Monday between its subsidiary Venmo and Bilt Rewards that permits thousands and thousands of Americans to pay their rent, mortgages and even neighborhood retailers straight through Venmo beginning in early 2026.
The tie-up with Bilt — a fast-growing housing and rewards community used by more than 5 million members across one in 4 residential buildings nationwide — marks Venmo’s greatest enlargement since its creation.
PayPal, which owns Venmo, says users will soon have the opportunity to pay their rent and mortgages digitally. Ascannio – stock.adobe.com
It offers renters and householders a manner to make housing funds digitally while incomes Bilt Points redeemable for journey, home items and even down funds.
“Our partnership with Bilt marks a pivotal first step in our journey to bring everyday commerce directly into the Venmo experience,” said Diego Scotti, PayPal’s basic supervisor of shopper.
“Millions of people already use Venmo to split rent with roommates and pay their landlords. Now we’re making that experience even more seamless and rewarding.”
Under this system, users could make rent or mortgage funds from within either the Bilt or Venmo app utilizing their Venmo steadiness, linked bank account or card.
They can also cut up rent with roommates or store at more than 45,000 local companies in the Bilt community, from eating places to gyms and retailers, all while incomes rewards.
“Venmo is one of the most relevant and trusted payment experiences in America, so bringing it into the Bilt ecosystem is a game-changer for our members,” said Ankur Jain, Bilt’s founder and CEO.
The partnership offers renters and householders a manner to make housing funds digitally while incomes Bilt Points redeemable for journey, home items and even down funds. A. Frank/peopleimages.com – stock.adobe.com
“By combining Venmo’s reach, simplicity, and social connectivity with Bilt’s rewarding rent and neighborhood commerce network, we’re giving millions of renters more flexibility with how they pay and more value every single month.”
The rollout, revealed at the Money20/20 convention in Las Vegas, is slated to start in early 2026 and coincides with Venmo’s new push to combine on a regular basis commerce — from rent to eating places — straight into the app.
For PayPal, which owns Venmo, the transfer expands its footprint in customers’ largest month-to-month expense class — housing — while tapping into a highly effective loyalty system.
Bilt already experiences rent funds to major credit bureaus at no further value, serving to users construct credit while incomes factors.
Under this system, users could make rent or mortgage funds from within either the Bilt or Venmo app utilizing their Venmo steadiness, linked bank account or card. Andrey Popov – stock.adobe.com
Just at some point after the housing funds announcement, PayPal unveiled a separate partnership with OpenAI, making PayPal the first digital pockets embedded straight inside ChatGPT.
Under that deal, ChatGPT users shall be in a position to pay for merchandise utilizing PayPal’s “Instant Checkout” system — powered by OpenAI’s Agentic Commerce Protocol — turning the chatbot into an AI purchasing hub for thousands and thousands of verified PayPal retailers.
PayPal CEO Alex Chriss told CNBC the mixing will enable users to “click the ‘Buy with PayPal’ button on ChatGPT and have a safe and secure checkout experience,” including that both patrons and sellers will benefit from the company’s fraud safety, package deal monitoring and dispute decision providers.
The twin bulletins despatched PayPal shares hovering more than 14% on Tuesday — the stock’s greatest single-day soar in years — as traders guess on its twin strategy: embedding funds in both the real world through Venmo and the digital future through OpenAI.
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