A person using mobile money services.[Photo/businessaily]

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Mobile money transactions grew by Sh252.39 billion in the nine months through September compared with a similar period in 2016.

This is according to data from the Central Bank of Kenya (CBK) data shows.

Payments hit nearly Sh2.71 trillion in the period, a 10.16 per cent rise over Sh2.46 trillion moved a year earlier, underlining e-commerce growth in the country.

About Sh300.92 billion was moved in September, a recovery from August, which had posted the biggest month-on-month drop this year at 7.3 per cent to Sh286.34 billion.

The value of cards’ payments in the January-September period stood at close to Sh1.04 trillion, largely unchanged from Sh1.05 trillion moved a year earlier.

The country’s six mobile money companies operated 35.537 million accounts in September compared with 34.178 million accounts in June, the CBK data shows.