diff --git a/src/libs/OptionsListUtils.js b/src/libs/OptionsListUtils.js
index 7236676e9282..0d5162399fcb 100644
--- a/src/libs/OptionsListUtils.js
+++ b/src/libs/OptionsListUtils.js
@@ -387,7 +387,7 @@ function getLastMessageTextForReport(report) {
     const lastActionName = lodashGet(lastReportAction, 'actionName', '');
 
     if (ReportActionUtils.isMoneyRequestAction(lastReportAction)) {
-        const properSchemaForMoneyRequestMessage = ReportUtils.getReportPreviewMessage(report, lastReportAction, true);
+        const properSchemaForMoneyRequestMessage = ReportUtils.getReportPreviewMessage(report, lastReportAction, true, false, null, true);
         lastMessageTextFromReport = ReportUtils.formatReportLastMessageText(properSchemaForMoneyRequestMessage);
     } else if (ReportActionUtils.isReportPreviewAction(lastReportAction)) {
         const iouReport = ReportUtils.getReport(ReportActionUtils.getIOUReportIDFromReportActionPreview(lastReportAction));
@@ -398,7 +398,7 @@ function getLastMessageTextForReport(report) {
                 reportAction.pendingAction !== CONST.RED_BRICK_ROAD_PENDING_ACTION.DELETE &&
                 ReportActionUtils.isMoneyRequestAction(reportAction),
         );
-        lastMessageTextFromReport = ReportUtils.getReportPreviewMessage(iouReport, lastIOUMoneyReportAction, true, ReportUtils.isChatReport(report));
+        lastMessageTextFromReport = ReportUtils.getReportPreviewMessage(iouReport, lastIOUMoneyReportAction, true, ReportUtils.isChatReport(report), null, true);
     } else if (ReportActionUtils.isReimbursementQueuedAction(lastReportAction)) {
         lastMessageTextFromReport = ReportUtils.getReimbursementQueuedActionMessage(lastReportAction, report);
     } else if (ReportActionUtils.isReimbursementDeQueuedAction(lastReportAction)) {
diff --git a/src/libs/ReportUtils.ts b/src/libs/ReportUtils.ts
index b41b74cd5758..8f32dec81da8 100644
--- a/src/libs/ReportUtils.ts
+++ b/src/libs/ReportUtils.ts
@@ -1961,6 +1961,7 @@ function getReportPreviewMessage(
     shouldConsiderReceiptBeingScanned = false,
     isPreviewMessageForParentChatReport = false,
     policy: OnyxEntry<Policy> = null,
+    isForListPreview = false,
 ): string {
     const reportActionMessage = reportAction?.message?.[0].html ?? '';
 
@@ -2026,7 +2027,8 @@ function getReportPreviewMessage(
             translatePhraseKey = 'iou.paidWithExpensifyWithAmount';
         }
 
-        const actualPayerName = report.managerID === currentUserAccountID ? '' : `${getDisplayNameForParticipant(report.managerID, true)}:`;
+        let actualPayerName = report.managerID === currentUserAccountID ? '' : getDisplayNameForParticipant(report.managerID, true);
+        actualPayerName = actualPayerName && isForListPreview && !isPreviewMessageForParentChatReport ? `${actualPayerName}:` : actualPayerName;
         const payerDisplayName = isPreviewMessageForParentChatReport ? payerName : actualPayerName;
 
         return Localize.translateLocal(translatePhraseKey, {amount: formattedAmount, payer: payerDisplayName ?? ''});