The current heightened interest among US citizens for a second passport predates the coronavirus pandemic, but the crisis has helped turbo-charge demand.
Passengers arriving at participating airports will already have their identity data encrypted and stored on their mobile phone, instead of on a passport microchip.
The e-passport will contain a 64 KB chip that will have all details of the passport-holder. The move will help crack down on trafficking and fake passports.
UCBs accounted for 1.8% of total industry credit in September 2025—down from 2.2% five yrs ago—showing that they are losing ground to faster PSU banks.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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