New partnership to introduce Pay by bank for rent collections in Italy: country’s first ever rent payment via open banking
In collaboration with Experian, Domopay also helps landlords obtain a clearer picture of tenants’ finances by combining rent collection and open banking-based tenant screening.
Domopay, a proptech company building the financial backbone of the Italian rental industry, has partnered with Salt Edge, an open banking provider with over 13 years of experience, to introduce Pay by bank for rent collection. „The collaboration marks a major market milestone, processing Italy’s first-ever rent payment via open banking.” – according to the press release.
Domopay combines open banking payments with data-driven tenant screening to help landlords and property managers simplify rental operations. It gives them greater control and visibility over properties and the possibility to identify potential payment issues in time.
The gap Domopay set out to solve
For the Italian rental market, which has over 50 billion EUR in annual rent payments, this partnership addresses a long-standing challenge. More than 90% of these payments are still made through traditional bank transfers, leaving tenants, landlords and property managers to handle much of the process manually.
„With Salt Edge Pay by bank added to Domopay, landlords and property owners using the app will be able to receive instant account-to-account rent transfers, lowering the likelihood of payment disruptions.” – the company said.
„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.” – said Fabrizio Raimondo, Co-founder & CEO, Domopay.
Domopay saw Salt Edge as the right partner, having recognised the potential for recurring rent payments as a use case, underexplored by most other PIS providers.
„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.” – said Virgiliu Bodrug, Pay by bank Expert at Salt Edge.
Impact on the rental chain
Adding Pay by bank to rent payments streamlines the rental process for all the parties involved:
. Landlords benefit from more reliable payment collections, with fewer data-entry errors and real-time visibility over incoming transfers. They can also set up automated reminders for tenants for recurring rent payments.
. Property managers gain an instant, detailed overview of each payment. As rent transactions usually land in the property owner’s account with Pay by bank, they can track delays or defaults and act promptly before the owner even notices.
. Tenants can initiate and approve rent payments through secure bank authorisation with a simple tap, skipping lengthy manual entries and reducing the risk of transfer errors.
Domopay is now expanding its landlord and property manager network across the country, with additional product features planned for H2 2026 to further support landlords before and during a lease. In collaboration with Experian, Domopay also helps landlords obtain a clearer picture of tenants’ finances by combining rent collection and open banking-based tenant screening.
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Domopay is an Italian proptech company building the financial infrastructure for the rental market. Through open banking, Domopay enables landlords and property managers to screen tenants, automate rent collection, and monitor payments in real time – without manual reconciliation or bank chasing. Founded in Milan, Domopay is the first platform in Italy to process rent payments via open banking.
Salt Edge is a financial API platform with PSD2 and open banking solutions for every business. The company has two main activities: enabling third parties to access bank channels through a unified gateway and developing the technology required for banks to comply with the directive’s requirements. ISO 27001 certified and AISP licensed under PSD2, the company is integrated with 5,000+ financial institutions in 50+ countries.
