PayPal is aiming to bring rent and mortgage payments into the digital age.<\/p>\n
The company announced a first-of-its-kind partnership Monday<\/a> between its subsidiary Venmo and Bilt Rewards that allows millions of Americans to pay their rent, mortgages and even neighborhood merchants directly through Venmo starting in early 2026.<\/p>\n The tie-up with Bilt \u2014 a fast-growing housing and rewards network used by more than 5 million members across one in four residential buildings nationwide \u2014 marks Venmo\u2019s biggest expansion since its creation.<\/p>\n PayPal, which owns Venmo, says users will soon be able to pay their rent and mortgages digitally. Ascannio \u2013 stock.adobe.com<\/p>\n It gives renters and homeowners a way to make housing payments digitally while earning Bilt Points redeemable for travel, home goods and even down payments.<\/p>\n \u201cOur partnership with Bilt marks a pivotal first step in our journey to bring everyday commerce directly into the Venmo experience,\u201d said Diego Scotti, PayPal\u2019s general manager of consumer.<\/p>\n \u201cMillions of people already use Venmo to split rent with roommates and pay their landlords. Now we\u2019re making that experience even more seamless and rewarding.\u201d<\/p>\n Under the program, users can make rent or mortgage payments from within either the Bilt or Venmo app using their Venmo balance, linked bank account or card.<\/p>\n They can also split rent with roommates or shop at more than 45,000 local businesses in the Bilt network, from restaurants to gyms and retailers, all while earning rewards.<\/p>\n \u201cVenmo 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,\u201d said Ankur Jain, Bilt\u2019s founder and CEO.<\/p>\n The partnership gives renters and homeowners a way to make housing payments digitally while earning Bilt Points redeemable for travel, home goods and even down payments. A. Frank\/peopleimages.com \u2013 stock.adobe.com<\/p>\n \u201cBy combining Venmo\u2019s reach, simplicity, and social connectivity with Bilt\u2019s rewarding rent and neighborhood commerce network, we\u2019re giving millions of renters more flexibility with how they pay and more value every single month.\u201d<\/p>\n The rollout, revealed at the Money20\/20 conference in Las Vegas, is slated to begin in early 2026 and coincides with Venmo\u2019s new push to integrate everyday commerce \u2014 from rent to restaurants \u2014 directly into the app.<\/p>\n For PayPal, which owns Venmo, the move expands its footprint in consumers\u2019 largest monthly expense category \u2014 housing \u2014 while tapping into a powerful loyalty system.<\/p>\n Bilt already reports rent payments to major credit bureaus at no extra cost, helping users build credit while earning points.<\/p>\n Under the program, users can make rent or mortgage payments from within either the Bilt or Venmo app using their Venmo balance, linked bank account or card. Andrey Popov \u2013 stock.adobe.com<\/p>\n Just one day after the housing payments announcement, PayPal unveiled a separate partnership with OpenAI, making PayPal the first digital wallet embedded directly inside ChatGPT.<\/a><\/p>\n Under that deal, ChatGPT users will be able to pay for products using PayPal\u2019s \u201cInstant Checkout\u201d system \u2014 powered by OpenAI\u2019s Agentic Commerce Protocol \u2014 turning the chatbot into an AI shopping hub for millions of verified PayPal merchants.<\/p>\n PayPal CEO Alex Chriss told CNBC the integration will allow users to \u201cclick the \u2018Buy with PayPal\u2019 button on ChatGPT and have a safe and secure checkout experience,\u201d adding that both buyers and sellers will benefit from the company\u2019s fraud protection, package tracking and dispute resolution services.<\/p>\n