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Partnership to Boost New Innovative Digital Financial Services for Tongans
A new innovative partnership launched this week will make it easier for Tongans living in New Zealand and migrant workers to send money home, as well as increase access to other financial services.
In recent years, international remittances have been subject to anti-money laundering and counter financing of terrorism (AML/CFT) regulations and enforcement practices (de-risking) that has made it quite difficult for Pacific Islanders living abroad to send money home. The Pacific Financial Inclusion Programme (PFIP) and the Tonga Development Bank (TDB) are working together to increase access of financial services to more Tongans especially women and children.
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