diff --git a/src/components/ReportActionItem/MoneyRequestPreview.js b/src/components/ReportActionItem/MoneyRequestPreview.js
index 96c9e1b364d6..9cb27e6fac4a 100644
--- a/src/components/ReportActionItem/MoneyRequestPreview.js
+++ b/src/components/ReportActionItem/MoneyRequestPreview.js
@@ -1,3 +1,4 @@
+import ExpensiMark from 'expensify-common/lib/ExpensiMark';
 import {truncate} from 'lodash';
 import lodashGet from 'lodash/get';
 import PropTypes from 'prop-types';
@@ -12,6 +13,7 @@ import MultipleAvatars from '@components/MultipleAvatars';
 import OfflineWithFeedback from '@components/OfflineWithFeedback';
 import PressableWithFeedback from '@components/Pressable/PressableWithoutFeedback';
 import refPropTypes from '@components/refPropTypes';
+import RenderHTML from '@components/RenderHTML';
 import {showContextMenuForReport} from '@components/ShowContextMenuContext';
 import Text from '@components/Text';
 import transactionPropTypes from '@components/transactionPropTypes';
@@ -132,6 +134,7 @@ function MoneyRequestPreview(props) {
     const StyleUtils = useStyleUtils();
     const {translate} = useLocalize();
     const {isSmallScreenWidth, windowWidth} = useWindowDimensions();
+    const parser = new ExpensiMark();
 
     if (_.isEmpty(props.iouReport) && !props.isBillSplit) {
         return null;
@@ -328,7 +331,8 @@ function MoneyRequestPreview(props) {
                                     {!isCurrentUserManager && props.shouldShowPendingConversionMessage && (
                                         <Text style={[styles.textLabel, styles.colorMuted]}>{translate('iou.pendingConversionMessage')}</Text>
                                     )}
-                                    {(shouldShowDescription || shouldShowMerchant) && <Text style={[styles.textLabelSupporting, styles.textNormal]}>{merchantOrDescription}</Text>}
+                                    {shouldShowDescription && <RenderHTML html={parser.replace(merchantOrDescription)} />}
+                                    {shouldShowMerchant && <Text style={[styles.textLabelSupporting, styles.textNormal]}>{merchantOrDescription}</Text>}
                                 </View>
                                 {props.isBillSplit && !_.isEmpty(participantAccountIDs) && requestAmount > 0 && (
                                     <Text style={[styles.textLabel, styles.colorMuted, styles.ml1, styles.amountSplitPadding]}>