NEWS: Venmo Expands into Rent and Retail Payments in Bold Fintech Move
Venmo, the popular peer-to-peer payment app owned by PayPal, is expanding its capabilities to include rent, mortgage, and retail payments through a new partnership with Bilt Rewards. This “first-of-its-kind” feature is set to roll out in 2026, allowing users to pay major monthly expenses directly from the app - while earning rewards.
This marks a significant evolution in mobile finance, positioning Venmo as more than just a social payment tool. By integrating with landlords, banks, and merchants, Venmo is entering the fintech big leagues, challenging traditional banking interfaces and offering a more lifestyle-driven payment experience. For U.S. consumers, especially Gen Z and millennials, this could redefine how everyday transactions are managed - making mobile wallets the new financial hub.
This should grow the use of completely digital financial transaction, but it may also encourage scammers to scam more people using Venmo phishing attacks.
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