【明報專訊】FOLLOWING years of rapid development of e-commerce, China is now in a leading position in mobile payment in terms of both its technology and market size. According to the latest report, China's mobile payment market in 2016 was more than 50 times that of the US. It is predicted that in 2019 the total amount of mobile payment in China will become 7.4 times as much as that of year 2015, leaving the US, whose total amount of payment is expected to rise by 2.6 times during the same period, further in the dust. In fact, due to the ubiquity of smart phones, mobile payment has already found its way into every large street and small lane in urban and rural China. What now concerns the international community is whether the major players in mobile payment (like Alipay and WeChat) will bring about the end of cash.