{
  "id": 17831329,
  "title": "New Payment System for Traders Announced",
  "url": "https://urgent.news/2026/11/02/new-payment-system-for-traders-announced",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-11-02T17:24:38.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/11/02/importers-exporters-customs-duties-digital-wallets/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Pakistan Single Window (PSW) is set to introduce a new Unified Payment System (UPS) for cross-border trade payments, allowing importers and exporters to pay customs duties, taxes, and other trade charges through a pre-funded digital wallet. The wallet, to be operated by a licensed bank or fintech company under the State Bank of Pakistan (SBP) framework, will utilize existing infrastructure instead of building a new system. Traders will be able to top up the wallet using various methods, including inter-bank fund transfers, banking apps, and over-the-counter deposits, and withdraw funds remotely. The system will settle payments against payment advice generated within the PSW ecosystem, which includes various PSW-linked services. The service provider will manage fund custody, balances, top-ups, withdrawals, refunds, reversals, and settlement, along with customer due diligence and anti-money laundering checks. The wallet will complement existing Pre-Deposit (PD) accounts and bank or payment-gateway-based mechanisms, offering traders an extra option for convenience and visibility in trade payments.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}