After Alibaba declared the first week of August “Cashless Week”, followed by WeChat naming August 8th “Cashless Day” and this entire month “Cashless Month”, a new research was published to illustrate how mobile payments are becoming a part of Chinese people’s everyday life. Check out some of the key insights: 1. Mobile payments have skyrocketed in 2016. 2. Young people (especially women) are leading the cashless trend. 3. Chinese people have almost no money in their wallet -- and they don’t care. 4. Geographical differences are small, but rural-urban divide is still an obstacle. 5. Mobile payments have conquered the service industries. 6. Social credit systems are here to stay.