Overview
- Announced at Money20/20 in Las Vegas, the rollout is slated to begin in early 2026.
- Users will be able to pay rent or mortgages in Venmo using a balance, a linked bank account, or a linked card while earning Bilt Points.
- Bilt will report rent payments to major credit bureaus at no extra cost, helping users build credit history.
- Bilt Members will also be able to use Venmo across more than 45,000 neighborhood merchants, with Venmo near 100 million active accounts and Bilt at about 5 million members.
- Separately, PayPal disclosed an OpenAI integration that embeds its wallet in ChatGPT, and the combined announcements lifted PayPal shares more than 14% on Tuesday.