Reminder: changing payment methods from ‘declining balance’ to real-time payments

Notice 42 issued on 26 July communicates CIPC’s intent to proceed with phasing out the ‘delining balance’ payment method where customers often make bulk deposits into a customer code and transactions are deducted as and when a service is issued.

As CIPC enhances its existing electronic services and automates more of its manual processes it will solely make use of card payments and other real-time online payment options as and when it is implemented by CIPC.

You can read more on this in Notice 42 of the CIPC here.