E-payment eases fees queues at banks
Sep 23, 2007
THE electronic payment system has reduced queues and congestion at banks at the beginning of school terms. Stanbic and Centenary Bank officials said unlike in the past, the length of the queues had reduced during the opening of this year’s Third Term on September 17.
By Chris Kiwawulo
THE electronic payment system has reduced queues and congestion at banks at the beginning of school terms. Stanbic and Centenary Bank officials said unlike in the past, the length of the queues had reduced during the opening of this year’s Third Term on September 17.
Stanbic Bank’s spokesman, Daniel Nsibambi, attributed the improvement to the parents’ positive response towards the electronic transfer of fees to the schools’ accounts.
“The parents are also planning, otherwise it could not work when they have no money on their accounts. We hope the queues will be completely eliminated in future,†he said.
An official from Centenary Bank said besides the electronic system, the bank had deployed enough equipment and manpower to reduce the queues.
Under the system, money is transferred from one bank account to another as long as the parent/guardian has enough money on their account. The system is also used to remit salaries for civil servants.
Some parents said the system and bank drafts had helped them avoid the stressing queues. Although some still use bank slips, they paid weeks before the beginning of Third Term.
“I learnt a lesson last term. I wasted a day lining up to pay my children’s fees. This time, I made an electronic transfer,†Robert Kateregga, a businessman and father of three, elaborated.
THE electronic payment system has reduced queues and congestion at banks at the beginning of school terms. Stanbic and Centenary Bank officials said unlike in the past, the length of the queues had reduced during the opening of this year’s Third Term on September 17.
Stanbic Bank’s spokesman, Daniel Nsibambi, attributed the improvement to the parents’ positive response towards the electronic transfer of fees to the schools’ accounts.
“The parents are also planning, otherwise it could not work when they have no money on their accounts. We hope the queues will be completely eliminated in future,†he said.
An official from Centenary Bank said besides the electronic system, the bank had deployed enough equipment and manpower to reduce the queues.
Under the system, money is transferred from one bank account to another as long as the parent/guardian has enough money on their account. The system is also used to remit salaries for civil servants.
Some parents said the system and bank drafts had helped them avoid the stressing queues. Although some still use bank slips, they paid weeks before the beginning of Third Term.
“I learnt a lesson last term. I wasted a day lining up to pay my children’s fees. This time, I made an electronic transfer,†Robert Kateregga, a businessman and father of three, elaborated.