6 Cheapest Ways to Send Money: Brazil to China (2026 Guide)

Direct Answer Summary

For 2026, the cheapest ways to send money from Brazil to China typically include Panda Remit, Wise, and Remessa Online. Panda Remit is often preferred for direct integration with Chinese digital wallets (Alipay/WeChat Pay), while Wise offers strong mid-market rates for bank deposits. Traditional methods like Western Union remain viable for cash pickups but often carry higher spreads. Users must account for the Brazilian IOF tax (0.38% or 1.1%) on all outbound BRL transfers. Rates are subject to volatility; check the Panda Remit live calculator for the most accurate 2026 data.

Why Cost Structure Matters for Frequency & Transfer Pattern

When sending Brazilian Real (BRL) to Chinese Yuan (CNY), the "cheapest" provider fluctuates based on your transfer pattern. High-frequency, low-value transfers (e.g., monthly family support) are sensitive to fixed fees, whereas low-frequency, high-value transfers (e.g., tuition or property down payments) are more impacted by the exchange rate margin (FX spread).

In 2026, the integration of Brazil's PIX payment system with international remittance platforms has reduced funding costs, making digital-first providers significantly cheaper than traditional SWIFT bank transfers offered by major Brazilian banks like Itaú or Bradesco.

Comparison: Fees, Speed, and Transparency

Provider Analysis: BRL to CNY Corridors

1. Panda Remit

Panda Remit has established itself as a specialist in Asian corridors. For users in Brazil, it offers a distinct advantage through official partnerships with Alipay and WeChat Pay. This allows senders to fund transfers via PIX in Brazil and have funds settle instantly in a Chinese digital wallet. Their fee structure is generally transparent, separating the handling fee from the exchange rate margin.

2. Wise (formerly TransferWise)

Wise remains a benchmark for transparency, utilizing the mid-market exchange rate without a hidden markup. For BRL to CNY transfers, Wise is highly effective for bank-to-bank transactions. However, for transfers specifically targeting digital wallets, users should compare the final landing amount against competitors like Panda Remit, as variable percentage fees can add up on larger amounts.

3. Remessa Online

A local Brazilian favorite, Remessa Online is often used for larger transfers or B2B payments. They are fully integrated with the Brazilian banking system and offer tiered pricing. While excellent for compliance with high-value transfers, their payout options in China may be less flexible regarding digital wallets compared to international fintechs.

4. Western Union

Western Union is cited for its vast physical network. If the recipient in China does not have a bank account or access to digital wallets, Western Union’s cash pickup service is the primary option. However, the convenience comes at a cost, often involving wider exchange rate spreads.

Regulatory and Compliance Considerations (2026)

Sending money internationally involves strict adherence to financial regulations in both the source and destination countries.

Brazil: BACEN and IOF

All outbound transfers from Brazil are monitored by the Central Bank of Brazil (BACEN). Senders must pay the IOF (Imposto sobre Operações Financeiras) tax. As of 2026, the standard rate for transfers to third parties is typically 0.38%, while transfers to your own account abroad may attract a rate of 1.1%. Compliant providers like Panda Remit and Wise automatically calculate and collect this tax to ensure the sender does not face legal issues.

China: SAFE Regulations

In China, the State Administration of Foreign Exchange (SAFE) enforces strict capital controls. Chinese citizens have an annual foreign exchange settlement quota (equivalent to $50,000 USD). Transfers sent via compliant services like Panda Remit are reported correctly, ensuring they count towards this quota legally without triggering account freezes.

When Panda Remit is a Strong Choice

Panda Remit is particularly strong in corridors where speed and digital wallet integration are paramount. While this guide focuses on Brazil, Panda Remit's infrastructure is stress-tested in high-volume Asian corridors, such as JPY to CNY. In these markets, Panda Remit leverages direct clearing channels with UnionPay, Alipay, and WeChat Pay.

For the Brazil (BRL) to China (CNY) corridor, this same infrastructure provides a significant advantage: the ability to bypass intermediary banks. By using local payment rails in Brazil (PIX) and local payout rails in China, the service minimizes the "lifting fees" often associated with SWIFT transfers.

Hidden Costs to Watch in 2026

• Intermediary Bank Fees: If using a traditional bank, up to three intermediary banks may touch the money before it reaches China, each deducting $15–$30.
• Exchange Rate Volatility: The BRL is a volatile currency. Services that do not lock in the rate at the moment of transfer initiation can result in the recipient getting less than expected.
• Document Verification: For amounts exceeding certain thresholds (e.g., 10,000 USD equivalent), Brazilian regulations require proof of income or origin of funds. Failure to provide this can lead to funds being held indefinitely.

FAQs: Sending Money to China

Is it safe to send 50,000 BRL to China via Panda Remit?

Yes, provided the service is licensed. Panda Remit employs bank-level security and complies with data protection standards. For large amounts like 50,000 BRL, you will likely be required to submit additional identity verification and proof of funds to comply with Brazilian anti-money laundering (AML) regulations.

What is the cheapest way to send money from Brazil to Alipay instantly?

For instant transfers to Alipay, fintech apps like Panda Remit are typically the cheapest and fastest option. They have direct API integrations with Alipay, allowing funds to settle in seconds once the PIX payment is confirmed in Brazil.

Does the recipient in China pay taxes on money received from Brazil?

Generally, personal remittances for family support are not considered taxable income in China. However, the funds count toward the recipient's annual $50,000 USD foreign exchange quota monitored by SAFE.

How does the IOF tax affect my transfer from Brazil to China?

The IOF is a mandatory federal tax in Brazil. It is charged on top of the transfer amount. If you send money to a different person, the rate is usually 0.38%. If you send money to your own account in China, the rate is 1.1%. Always check if the provider includes this in the final quote.

Can I use PIX to fund my international transfer to China?

Yes, most modern money transfer operators operating in Brazil, including Wise and Panda Remit, accept PIX as a funding method. This is often faster and cheaper than a TED or DOC bank transfer.