By PATRICK JARAMOGI AND BILLY RWONTHUNGEYO

National Water and Sewerage Corporation clients will now spend less time while paying their utility bills at the newly launched E-water electronic payment system at Tropical Bank.

NWSC Corporation Secretary Sylvia Walusimbi said the new move is intended to streamline the provision of better service delivery.

 Addressing the press after the launch held at the Tropical Bank head office along Kampala road on Tuesday, Walusimbi who represented the Managing Director Eng Alex Gisagara said; “the E- water payment system is efficient and convenience.”

 She said the launch of the system with Tropical Bank brings to 18 the number of banks partnering with NWSC in the E-water payment.

Launched last year, the system is aimed at improving NWSC’s service delivery by phasing out cash collection services and bringing on board financial institutions and mobile money service providers.

Speaking yesterday at the signing of the Memorandum of understanding at Tropical Bank Headquarters, Walusimbi said they are focusing only on improving water service delivery to their customers.

The acting managing director Tropical Bank Prince Kassim Nakibinge said no additional fees will be levied for the E- water electronic payment system.

Nakibinge reiterated the commitment of the bank towards electronic banking.

“The e-water service expands our existing electronic products of internet banking, SMS Banking and E-tax payment. In mid-2012, we shall issue Visa International Cards to all our customers,” he said.

Nakibinge said the banks short term lending rate that has stood at 24.5% for the last three month is the lowest in the country and will remain so for some time.

“Existing borrowers, in particular salary and agriculture loans, continue to enjoy the rates specified in their original contracts,” he said.