Italian proptech company Domopay has partnered with open banking provider Salt Edge to introduce Pay by bank rent collection.
The companies say the collaboration has resulted in Italy’s first rent payment completed through open banking.
Domopay’s platform combines rent payments with data-led tenant screening, giving landlords and property managers greater visibility over their portfolios and helping them identify potential payment problems earlier.
Italy’s rental market processes more than €50bn of rent each year, according to Domopay, with over 90% of payments still made using traditional bank transfers.
ACCOUNT-TO-ACCOUNT RENT PAYMENTS
Integrating Salt Edge’s technology will allow tenants to authorise account-to-account rent payments through their bank. Landlords will receive real-time visibility of incoming transfers and can arrange automated reminders for recurring payments.
Property managers will also be able to see the status and details of payments, helping them identify delays or defaults before owners become aware of a problem.
Fabrizio Raimondo (main picture, inset), Co-founder and chief executive officer of Domopay, says: “Italy’s rental market has been running on manual bank transfers for decades – landlords anxiously checking their accounts, chasing tenants, and reconciling payments by hand.
“Open banking changes all of that. Domopay is making rent collection as seamless and automatic as it should be – and Salt Edge’s technology is what makes it possible at scale. We’re just getting started.”
DIGITISED PROCESS
Virgiliu Bodrug, Pay by bank expert at Salt Edge, adds: “Pay by bank is expanding into use cases people encounter in their everyday lives, and rent payments are a strong example of that evolution.
“Together with Domopay, we’re helping digitalise a process that has remained slow and largely unchanged for years, bringing more convenience for tenants and greater visibility and efficiency for landlords and property managers.”
Domopay is expanding its network of landlords and property managers across Italy, with further product features planned for the second half of 2026.
It is also working with Experian to combine rent collection data with open banking-based tenant screening, giving landlords more information about prospective tenants’ financial position.
