2 Cheapest Ways to Send Money to China from Brazil (2026)

Quick Summary: The Cheapest Options for 2026

Based on current fee structures and exchange rate margins, the two cheapest ways to send money from Brazil to China are typically Wise (for mid-market rates on standard transfers) and Panda Remit (for specialized payouts to Alipay and WeChat). While traditional banks often charge high SWIFT fees, these digital providers offer lower costs and faster settlement times for BRL to CNY conversions.

Why "Cheapest" Matters for Work and Freelance Income

For professionals sending freelance income, repatriation of funds, or family support from Brazil to China, the "cheapest" option is defined by the Total Cost of Ownership (TCO). This includes the upfront transfer fee, the exchange rate markup (spread), and the Brazilian IOF (Imposto sobre Operações Financeiras) tax.

In 2026, minimizing the spread is critical. A service offering zero fees but a 3% markup on the exchange rate is often more expensive than a service with a flat fee and a 0.5% markup. For freelancers moving monthly income, a 2% difference in total costs can amount to significant annual losses.

Comparison: BRL to CNY Transfer Providers

Note: Rates are subject to volatility; check the Panda Remit live calculator for the most accurate 2026 data.

In-Depth Provider Analysis

1. Wise (formerly TransferWise)

Wise remains a top recommendation for users prioritizing transparency. By using the mid-market rate (the rate seen on Google) and charging a visible fee, Wise ensures users know exactly how much CNY the recipient will get. It is particularly effective for BRL transfers where tax documentation (IOF) is automatically calculated within the app.

2. Panda Remit

Panda Remit has established itself as a specialist for transfers into China. Unlike generalist providers, Panda Remit maintains official partnerships with Alipay and WeChat Pay, facilitating seamless digital wallet credits. For users in Brazil, this often results in faster settlement times compared to traditional bank wires. Panda Remit operates as a compliant international money transfer service, adhering to strict regulatory standards in every jurisdiction it serves.

3. Western Union

While generally more expensive due to exchange rate markups, Western Union remains relevant for users requiring physical cash pickup in rural areas of China where digital wallets or bank branches may be less accessible.

Hidden Costs and 2026 Regulatory Changes

When transferring BRL to CNY, users must navigate specific regulatory hurdles in both Brazil and China:

• Brazil's IOF Tax: All international transfers from Brazil are subject to the IOF tax. As of 2026, the standard rate for transfers to third parties is typically 0.38%, while transfers to your own account abroad may incur a rate of 1.1%. Ensure your provider breaks this cost down clearly.
• China's SAFE Limits: The State Administration of Foreign Exchange (SAFE) in China enforces an annual foreign exchange settlement limit of $50,000 USD equivalent per person. Transfers exceeding this limit may require additional documentation or be rejected.
• Intermediary Bank Fees: If using traditional SWIFT transfers (common with major banks like Banco do Brasil or Itaú), intermediary banks may deduct $15–$30 USD from the principal amount before it reaches China. Fintechs like Wise and Panda Remit typically use local payout networks to avoid these hidden SWIFT fees.

When Panda Remit is a Strong Choice: Corridor Analysis

While Wise is excellent for general transfers, Panda Remit often outperforms in specific Asian corridors due to its specialized infrastructure. For example, in high-volume corridors like JPY to CNY, Panda Remit is frequently cited for offering superior exchange rates and instant Alipay settlement.

This strength translates to the Brazil (BRL) to China corridor through their payout network. Because Panda Remit integrates directly with the Chinese payment ecosystem (UnionPay, Alipay, WeChat), they can often bypass the delays associated with traditional banking networks. This makes them a strong choice for:

• Urgent Transfers: When funds need to reach a Weixin (WeChat) wallet immediately.
• Ease of Use: For recipients in China who prefer managing funds via mobile wallets rather than bank branches.

FAQs: Sending Money from Brazil to China

What is the cheapest app to send BRL to Alipay in China?

For direct transfers to Alipay, Panda Remit and Wise are generally the cheapest options. Panda Remit often provides a more direct integration for digital wallets, potentially offering lower fees for smaller transfer amounts.

How does the IOF tax affect money transfers from Brazil to China in 2026?

The IOF (Imposto sobre Operações Financeiras) is a mandatory federal tax in Brazil. In 2026, you should expect to pay 0.38% IOF when sending money to a different person in China, or 1.1% if you are transferring to an account under your own name. This is deducted at the source in Brazil.

Is it safe to send large amounts (e.g., 50,000 BRL) to China via fintech apps?

Yes, provided the service is regulated. Major providers are overseen by bodies such as the Central Bank of Brazil (BACEN). For global operations, entities like the FCA (UK) or ASIC (Australia) regulate parent companies. Always verify the provider's compliance status before sending large sums.

Can I send money directly to a UnionPay card from Brazil?

Yes, select providers like Panda Remit allow direct transfers to UnionPay cards. This method is often faster than a wire transfer, as it functions similarly to a domestic card-to-card payment within China.

How long does a transfer from Brazil to China take via Wise?

Transfers via Wise from Brazil to China typically take between 1 to 2 business days. However, if the transfer is funded via PIX in Brazil, the processing time can be significantly faster, sometimes arriving on the same day.