1 / 5   China is becoming increasingly digitalized, with people, especially the youth, preferring to use mobile apps to pay for almost anything they buy. WeChat Pay and Alipay, two of the most notable mobile payment platforms, are responsible for making this cashless transaction trend possible. /VCG Photo

2 / 5   Mobile payment has made it possible to order food, pay credit card bills and manage stock accounts at anytime, anywhere, or buy a pancake at a roadside breakfast stall without having to carry a wallet. /VCG Photo

3 / 5   The growth of mobile pay in China comes off a solid base of smartphone users. According to figures released by the China Internet Network Information Center, China had 724 million mobile phone users at the end of June 2017 and more than 35 percent of users preferred to pay by phone. /VCG Photo

4 / 5   China's mobile payments totaled 81 trillion yuan (about 12.77 trillion US dollars) as of October 2017, the world's largest volume, official data showed. The volume was much more than the whole of 2016, which stood at 58.8 trillion yuan. /VCG Photo

5 / 5   Not only dominating the domestic market, China’s online payment players are expanding their businesses abroad as well: Alipay has landed in 36 overseas markets and hundreds of thousands of vendors, and WeChat Pay has also expanded into 25 foreign markets. /VCG Photo