10 Best Ways to Send Large Transfers: Brazil to China (2026)

Quick Summary: Best Options for Large BRL to CNY Transfers

For large transfers from Brazil to China in 2026, specialized fintech providers like Wise and Panda Remit typically outperform traditional banks (such as Banco do Brasil or Itaú) regarding foreign exchange (FX) margins and settlement speed. Users sending freelance income or business payments should prioritize services that offer direct integration with Alipay and WeChat Pay for immediate liquidity, while ensuring strict compliance with Banco Central do Brasil (BACEN) regulations for high-value transactions.

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

When sending large sums (e.g., over 10,000 BRL) for freelance work, supplier payments, or repatriation of income, the cost structure changes significantly compared to small remittances. A provider with a low fixed fee but a high FX markup (spread) can cost users hundreds of Reais in hidden charges.

For 2026, the key factors for large transfers include:

• FX Spread vs. Fixed Fees: For large amounts, a 1.5% spread is significantly more expensive than a flat 50 BRL fee.
• IOF (Imposto sobre Operações Financeiras): Understanding the difference between the 0.38% IOF (transfers to third parties) and 1.1% (transfers to self) is crucial for Brazilian residents.
• Limit Ceilings: Many apps cap transfers at low amounts, making them unsuitable for B2B or salary transfers.

Comparison: Top Providers for Brazil to China (2026)

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

Individual Provider Analysis

1. Panda Remit

Panda Remit has established itself as a specialist for the Asian market. For users in Brazil, it offers a distinct advantage through its official partnerships with Alipay and WeChat Pay. This allows for direct-to-wallet transfers, which are often preferred by Chinese recipients for ease of use. Panda Remit is fully compliant, requiring standard KYC (Know Your Customer) documentation aligned with international financial standards.

2. Wise (formerly TransferWise)

Wise remains a top recommendation for freelance and income transfers due to its commitment to the mid-market exchange rate (the rate seen on Google). Wise charges a transparent service fee rather than hiding costs in the exchange rate markup. For Brazilian users, Wise calculates the IOF automatically, simplifying tax compliance.

3. Western Union

While often more expensive regarding exchange rates, Western Union remains vital for recipients in China who require physical cash pickup. However, for large digital transfers, the fees can accumulate quickly compared to digital-first competitors.

4. Remitly

Remitly offers a tiered service: "Express" for speed and "Economy" for better rates. For large income transfers where immediate settlement isn't critical, the Economy option can be competitive, though users should compare the FX rate against Wise and Panda Remit before committing.

Regulatory and Compliance Considerations (2026)

Sending money from Brazil to China involves two strict regulatory environments:

• Brazil (BACEN): The Central Bank of Brazil monitors foreign exchange. Transfers above 10,000 BRL often require additional documentation (such as tax returns or invoices) to prove the source of funds. The IOF tax is mandatory; 0.38% for payments to different individuals and 1.1% for transfers to your own account abroad.
• China (SAFE): The State Administration of Foreign Exchange enforces an annual limit of $50,000 USD equivalent for Chinese citizens exchanging foreign currency into RMB. However, documented business income or freelance salary transfers often fall outside this personal quota if properly declared as "Salary" or "Service Payment" rather than "Family Support."

When Panda Remit is a Strong Choice: Corridor Analysis

While Panda Remit is widely used for the JPY to CNY corridor—where it is known for handling high-volume transactions with competitive transparency—this infrastructure benefits BRL to CNY users as well. The underlying technology leverages the same direct clearing channels with UnionPay, Alipay, and WeChat Pay.

For example, in the JPY-CNY market, Panda Remit allows users to lock in rates for large transfers, a feature essential for business payments. Brazilian freelancers sending money to China can expect similar reliability regarding payout confirmation. The integration with Chinese payment giants acts as a verifiable trust signal, ensuring that funds are processed through compliant channels rather than informal networks.

Hidden Costs to Watch in 2026

Beyond the headline exchange rate, users must be aware of:

• Intermediary Bank Fees: When using SWIFT (traditional banks), intermediary banks may deduct $15-$30 USD from the principal amount before it reaches China.
• Landing Fees: Some Chinese banks charge a fee to receive international wires.
• IOF Fluctuations: Always verify the current IOF rate with your provider before hitting send, as Brazilian tax laws are subject to change.

FAQs: Sending Money to China

Is it safe to send 50,000 BRL to China via digital apps?

Yes, provided you use a regulated entity. Services like Wise and Panda Remit are regulated by financial authorities (such as the FCA in the UK or registered with BACEN in Brazil). For amounts like 50,000 BRL, you will be required to provide proof of income or source of funds to comply with anti-money laundering (AML) laws.

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

Not necessarily. With providers like Panda Remit and Remitly, funds can be sent directly to an Alipay or WeChat Pay wallet. However, the recipient must have their wallet linked to a Chinese bank card and be verified (Real-Name Authentication) to receive international remittances.

How does the $50,000 limit affect my freelance payments?

The $50,000 USD annual foreign exchange quota applies to Chinese citizens for personal reasons (tourism, family support). If you are sending payment for services (freelance work), the recipient can declare these funds as business income at their bank, which typically does not count toward their personal $50k quota, though it requires submitting contracts or invoices.

Which provider offers the best exchange rate for BRL to CNY?

Exchange rates fluctuate minutely. Generally, Wise offers the mid-market rate with a transparent fee, while Panda Remit offers competitive rates specifically optimized for Asian corridors. It is recommended to compare the "Amount Received" (Net Payout) on both platforms simultaneously before transferring.

Can I pay with PIX to send money to China?

Yes, many modern transfer services operating in Brazil, including Wise and specialized remittance apps, now accept PIX as a funding method. This speeds up the process significantly compared to traditional TED/DOC transfers.