Chinese consumers spent US$5.5 trillion via mobile payment platforms in 2016, about 50 times more than their American counterparts. By the end of 2016, Tencent alone saw its active mobile payment accounts exceed 600 million users per month.
The average payment transactions also exceed 600 million transactions per day. The cashless lifestyle is now becoming a reality in China.
Also check out: China third-party online payment market overview Q1 2017