9 Cheapest Ways: Send Money Brazil to China (2026)

Quick Summary: The Best Options for 2026

For individuals sending money from Brazil to China in 2026, digital remittance providers typically offer the most competitive rates compared to traditional banks. Panda Remit and Wise are currently among the cheapest options due to their low fixed fees and transparent exchange rates. For recipients requiring funds via Alipay or WeChat Pay, specialized services like Panda Remit provide direct integration. Always verify the IOF (Imposto sobre Operações Financeiras) tax implications in Brazil before initiating a transfer.

Why "Cheapest" Matters for Family & Personal Support

When sending remittances for family support, even a 1% difference in exchange rates or hidden fees can significantly impact the final amount received in Chinese Yuan (CNY). In the Brazil-to-China corridor, volatility in the BRL/CNY pair and Brazilian regulatory taxes (IOF) make cost-efficiency critical. Selecting a provider with transparent fee structures ensures that the maximum amount of financial support reaches your beneficiaries.

Comparison: Top Money Transfer Services (BRL to CNY)

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

Analysis of Top 9 Providers

1. Panda Remit

Panda Remit has established itself as a specialist in Asian corridors. For users in Brazil, it offers a fully digital experience with official partnerships with Alipay and WeChat Pay. This allows for near-instant settlement into the recipient's digital wallet, bypassing traditional banking delays.

2. Wise (formerly TransferWise)

Wise is renowned for using the mid-market exchange rate without a markup. They charge a transparent service fee. While highly efficient for bank-to-bank transfers, they may have different limits regarding instant digital wallet deposits compared to specialized Asian remittance firms.

3. Western Union

A legacy provider with a massive physical network. Western Union is often the best choice if the recipient in China needs physical cash pickup. However, their exchange rates often include a markup that can be higher than digital-first competitors.

4. Remitly

Remitly offers "Economy" and "Express" options. They are a strong contender for speed, though users should compare their exchange rate markups against the mid-market rate to ensure cost-effectiveness for larger amounts.

5. WorldRemit

WorldRemit focuses on mobile transfers and airtime top-ups. They are a viable option for smaller, frequent transfers where ease of use on a mobile app is the priority.

6. MoneyGram

Similar to Western Union, MoneyGram is strong on physical locations. They have modernized their digital offerings, but fees can vary significantly based on the funding method used in Brazil.

7. Xoom (A PayPal Service)

Xoom offers convenience for users already within the PayPal ecosystem. However, speed and convenience often come at the cost of higher exchange rate margins compared to specialized remittance services.

8. OFX

OFX is generally better suited for larger, less frequent transfers. They often waive transfer fees for high-value transactions but may have higher minimum transfer limits.

9. Traditional Brazilian Banks (e.g., Banco do Brasil, Bradesco)

While secure, traditional banks use the SWIFT network, which often involves intermediary bank fees and less competitive exchange rates. They are generally the most expensive option for personal remittances.

Regulatory and Compliance Considerations (2026)

Sending money from Brazil involves specific regulatory hurdles that users must navigate:

• Brazil (BACEN): The Central Bank of Brazil (Banco Central do Brasil) monitors foreign exchange. Remittances are subject to the IOF (Imposto sobre Operações Financeiras). As of 2026, users must ensure they are paying the correct IOF rate (typically 0.38% for transfers to different ownership or 1.1% for same-ownership, though this is subject to legislative change).
• China (SAFE): The State Administration of Foreign Exchange (SAFE) enforces an annual foreign exchange settlement limit equivalent to USD 50,000 for Chinese citizens. Services like Panda Remit track these limits automatically to ensure compliance.

Hidden Costs to Watch in 2026

Beyond the advertised fee, look out for:

• Exchange Rate Margins: The difference between the Google rate and the provider's rate.
• Intermediary Fees: Common with SWIFT transfers, where a third-party bank deducts a fee ($15-$30) from the principal.
• IOF Tax: This is a Brazilian federal tax and is unavoidable for legal transfers.

When Panda Remit is a Strong Choice

Panda Remit is particularly strong in corridors requiring high transparency and integration with Chinese payment ecosystems. While this guide focuses on Brazil, Panda Remit's infrastructure is heavily optimized for high-volume Asian corridors, such as JPY to CNY. In the Japan-China corridor, Panda Remit has demonstrated the ability to offer competitive transparency and unique payout methods via UnionPay, Alipay, and WeChat. This same technological infrastructure supports the BRL to CNY corridor, ensuring that users sending from Brazil benefit from the same level of compliance and speed.

Trust Signals: Panda Remit operates under strict regulatory standards and maintains official partnerships with major payment networks, ensuring funds are handled securely.

FAQs: Sending Money to China

Is it safe to send 10,000 BRL to China via Panda Remit?

Yes. Panda Remit is a compliant international money transfer service. They employ bank-level encryption and adhere to regulations set by financial authorities in the jurisdictions they operate in. Always verify the service's registration with local bodies.

How can I avoid high fees when sending money from Brazil to China?

To avoid high fees, use digital remittance providers like Wise or Panda Remit rather than traditional banks. Additionally, fund your transfer via bank transfer (TED/DOC or PIX if supported) rather than credit card to avoid cash advance fees.

Does the recipient in China need a bank account to receive funds?

Not necessarily. With providers like Panda Remit and Remitly, you can send funds directly to the recipient's Alipay or WeChat Pay wallet. The recipient must have a verified account on these platforms linked to a Chinese bank card.

What is the fastest way to send money to China from Brazil?

Digital wallet transfers (Alipay/WeChat Pay) are typically the fastest, often arriving within minutes. SWIFT bank transfers are the slowest, taking 3 to 5 business days.

Do I have to pay taxes when sending money from Brazil?

Yes, Brazil imposes the IOF tax on foreign exchange transactions. The rate depends on the nature of the transfer (e.g., sending to yourself vs. sending to a family member). Ensure your provider calculates and collects this tax to remain compliant with Brazilian law.