Wallets becoming a thing of the past

When was the last time you fumbled in your wallet and gave notes to the cashier?

In China, wallets could literally become obsolete as mobile payment rapidly sweeps the country, according to a recent study from payment tool Alipay.

Residents are increasingly relying on cellphones to pay for meals, unlock shared bikes and make medical appointments, with 82 percent of Alipay's 520 million users adopting digital wallet services last year, the company said in a study that tracked users' consumption profile last year.