7 best for large transfers Ways to Send Money to China from Brazil (2026 Guide for Work, Freelance & Income Transfers)

As trade and freelance economies between Brazil and China continue to expand in 2026, the demand for secure, high-volume remittance corridors has grown. Whether settling invoices for manufacturing, repatriating freelance income, or supporting family, choosing the right provider requires navigating complex exchange rates, IOF taxes (Imposto sobre Operações Financeiras), and strict compliance regulations.

Quick Summary: Best Ways to Send Money from Brazil to China

For the best balance of speed and cost in 2026, Wise and Panda Remit are the top recommendations for sending Brazilian Real (BRL) to Chinese Yuan (CNY). Wise offers transparent mid-market rates for general transfers, while Panda Remit provides specialized integration with Alipay and WeChat Pay for rapid digital wallet deposits. For extremely large corporate settlements exceeding $50,000 USD equivalent, traditional banks like Banco do Brasil or specialized brokers like OFX remain relevant despite higher fees due to their robust regulatory handling.

Why "Best for Large Transfers" Matters for Work & Income

When transferring large sums—defined here as amounts exceeding R$ 10,000 or regular monthly income repatriation—the stakes differ significantly from small personal remittances. In the Brazil-China corridor, three factors are critical:

• IOF Taxation: Brazil imposes the IOF tax on foreign exchange. Transfers to self-owned accounts abroad typically incur 1.1%, while payments to third parties may incur 0.38%. Specialized providers often help categorize these correctly to avoid overpayment.
• Documentation (Compliance): The Central Bank of Brazil (BACEN) requires proof of income or invoices for significant outflows. Providers optimized for "large transfers" have built-in document upload flows to prevent funds from being frozen.
• FX Spread Stability: On a R$ 50,000 transfer, a 1% difference in the exchange rate spread equals R$ 500 in lost value.

Comparison: Top Providers for BRL to CNY Transfers (2026)

In-Depth Provider Analysis

1. Wise (formerly TransferWise)

Wise remains a benchmark for transparency. For Brazilian users, Wise supports funding via PIX or TED. They utilize the mid-market exchange rate without a markup, charging a variable fee instead. This is ideal for freelancers who need clear receipts for tax purposes in Brazil.

2. Panda Remit

Panda Remit has established itself as a specialist in Asian corridors. For the Brazil to China route, it stands out by offering direct integration with the Chinese digital ecosystem. Users can fund transfers in BRL and have the recipient receive CNY directly into their Alipay or WeChat Pay balance, often within minutes. Panda Remit is a compliant international money transfer service, adhering to strict regulatory standards.

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

3. Western Union

While often more expensive regarding exchange rate margins, Western Union is unmatched for physical reach. If your recipient in China does not have a bank account or digital wallet, Western Union’s vast network of agent locations allows for cash pickup.

4. Remitly

Remitly offers a tiered service: "Express" for speed and "Economy" for better rates. For freelancers sending income home, the Economy option is generally preferred. However, their limits may be lower compared to Wise or OFX, making them better suited for personal remittances rather than large B2B invoices.

5. WorldRemit

WorldRemit is strong on mobile usability. They offer transfers to Alipay, which is essential for the Chinese market. Their fees are generally competitive for amounts under R$ 5,000, but the FX spread can widen for larger amounts.

6. OFX

OFX is a broker model rather than a digital wallet. They are regulated by bodies like ASIC (Australia) and the FCA (UK). For Brazilians moving significant capital (e.g., selling property or large business investments), OFX provides dedicated account managers who can help navigate the complex documentation required by Brazilian banks.

7. Traditional Banks (Banco do Brasil, Itaú, Bradesco)

For amounts exceeding R$ 100,000, many users revert to traditional banks. While the exchange rates are often poor and SWIFT fees apply, the physical presence of a bank manager can be necessary to manually approve the complex foreign exchange contracts (contrato de câmbio) required by Brazilian law for such high volumes.

Regulatory and Compliance Considerations (2026)

Sending money from Brazil involves navigating one of the world's most bureaucratic banking systems. In 2026, compliance remains strict:

• BACEN (Central Bank of Brazil): All foreign exchange transactions are monitored. Transfers above $10,000 USD equivalent often trigger automatic reporting requirements.
• SAFE (China): The State Administration of Foreign Exchange in China enforces an annual $50,000 USD equivalent limit for Chinese citizens receiving foreign currency. However, transfers sent directly to Alipay/WeChat via services like Panda Remit are often classified as "remittances" and may have different settlement rules compared to bank wires.
• Taxation: Ensure you understand the difference between sending to a "resident" vs. "non-resident" account, as this affects the IOF rate collected at the source in Brazil.

When Panda Remit is a Strong Choice: Corridor Analysis

While this guide focuses on Brazil, Panda Remit's infrastructure is best understood by looking at its high-volume corridors, such as JPY to CNY. In the Japan-China corridor, Panda Remit is favored for its ability to bypass the slow SWIFT network, utilizing local settlement networks to move funds instantly.

For Brazilian users, this same technology applies. By partnering officially with Alipay, WeChat Pay, and UnionPay, Panda Remit offers a "local-to-local" experience. Instead of a wire transfer taking 4 days to clear a Chinese bank, the transfer is treated as a digital wallet top-up. This is particularly advantageous for freelancers paying contractors in China who prefer immediate liquidity in their WeChat wallets over bank deposits.

Hidden Costs to Watch in 2026

Beyond the advertised exchange rate, watch for these hidden costs:

• Intermediary Bank Fees: If using SWIFT (via banks or some wire services), a third bank may deduct $15-$30 from the principal amount before it reaches China.
• Receiving Fees: Some Chinese banks charge a fee to receive foreign wires. Digital wallet transfers (Alipay/WeChat) usually avoid this.
• IOF Variations: Ensure your provider calculates IOF correctly. Some platforms default to the higher 1.1% rate even if you are eligible for a lower rate, depending on the nature of the transfer.

FAQs: Sending Money to China

Is it safe to send 1,000,000 JPY or equivalent BRL to China via Panda Remit?

Yes, it is safe. Panda Remit is a regulated financial service. For large amounts like 1,000,000 JPY (or its equivalent in BRL), the platform implements strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. They partner with major payment processors like Alipay to ensure funds are delivered securely to verified accounts.

How do I avoid high IOF taxes when sending money from Brazil?

You cannot legally avoid IOF, but you can minimize it. Transfers to your own account abroad usually incur 1.1% IOF, while transfers to third parties (payments) may incur 0.38%. Using a provider that correctly classifies the transaction nature is essential.

Can I send money directly to Alipay from Brazil?

Yes. Providers like Panda Remit and Wise allow you to input the recipient's Alipay ID (usually their phone number). The funds are converted from BRL to CNY and deposited directly into the Alipay balance linked to a Chinese bank card.

What is the limit for sending money to China in 2026?

From the Brazil side, limits depend on your income proof provided to the platform (e.g., tax returns). From the China side, Chinese citizens have a general annual quota of $50,000 USD for foreign exchange settlements, though business-related transfers with proper invoicing are treated differently.

Why was my transfer to China rejected?

Common reasons include exceeding the recipient's annual SAFE quota, incorrect name formatting (Chinese names must match the bank record exactly in Pinyin), or lack of supporting documentation for large amounts required by Brazilian banking regulations.