Only 41% of Tongan adults have a bank account.
The results are contained in the Financial Services Demand Side Survey Report that was released by Tonga Governor of the National Reserve Bank of Tonga, Sione Ngongo Kioa and the Pacific Financial Inclusion Program (PFIP) this week.
The study found that 34% of Tongan adults are completely excluded from financial services, with another 14% only accessing informal financial service instruments such as savings clubs, shop credit, moneylenders, or hire purchases.
