Editor's note: In China, mobile payment has become a part of people's everyday lives. As the concept of "going cashless" takes off in Chinese society, Alipay (owned by Alibaba Group) announced on July 31 that the first week of August would be "Cashless Week". On the same day, WeChat Pay (owned by Tencent Holdings) picked one day - August 8 - and named it "Cashless Day", while also dubbing the entire month "Cashless Month".

China Daily website has gathered recent data on China's mobile payment system and opinions of different people to see if China is really ready to go cashless.