PayPal has announced a collaboration with Bilt Rewards, which will see the company let users pay their rents and mortgages through Venmo. According to reports, the new service is set to begin in 2026 and adds Venmo to Bilt’s existing payment lineup, which already supports credit cards, debit cards, and direct bank transfers.
According to Bilt, its system is linked to more than 40,000 merchants and 70% of the top 100 property managers across the United States. The new development mean that tenants and homeowners can use Venmo to make payments the same way they split rent or utility bills with roommates. “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,” Diego Scotti, PayPal’s general manager of consumer, said.
PayPal partners with MasterCard to power AI-driven payments
Ankur Jain, Bilt’s Chief Executive Officer, said that the partnership will integrate the wider user base of one of the most used peer-to-peer payment tools in America with Bilt’s rewards-based rent network. Venmo plans to become the default payment method for both consumers and merchants. The platform is also planning an expansion into in-person transactions and e-commerce. PayPal sees the rollout as a chance to lock Venmo into the housing market, where monthly payments are steady, large, and consistent.
In another development, PayPal has also announced a partnership with MasterCard, this time introducing AI-powered transactions through Agent Pay. Agent Pay is a platform that allows users to make purchases based on the guidance of AI assistants. Mastercard’s “secure payment” rails will back the process, integrating directly into PayPal’s branded checkout wallet, and will extend to all Mastercard co-branded cards that already operate within PayPal’s network.
PayPal will pilot Mastercard’s Agent Pay Acceptance Framework, which verifies and secures AI-initiated payments, but the integration relies entirely on tokenization and passkey authentication, allowing AI agents to authorize transactions safely and merchants to accept those payments without extra technical setup. In its statement announcing the development on Monday, Mastercard said this system will “undoubtedly reduce friction and expand consumer choice as AI-driven commerce becomes mainstream.”
