P2P payment companies, take note. In seeking to assert itself as the undisputed leader in P2P payments, Venmo has announced that, for the first time, it has surpassed $1b in monthly transactions. 

Venmo reported $2.5b in transactions for all of Q4 2015 (up 174% on Q4 2014), implying 20% quarter-on-quarter growth at its current $1b monthly run-rate. 

The battle for P2P payment supremacy is far from over, with rumours circulating that even Apple is considering entering the fray. However Venmo's announcement does make one wonder if it can't emulate parent company PayPal's dominance in online payments.