2 Best Ways: Send Money Brazil to China (2026 Guide)

Direct Answer Summary

For sending money from Brazil to China in 2026, Wise and Panda Remit are the leading options for cost-efficiency and compliance. Wise is optimal for bank-to-bank transfers using the mid-market rate, while Panda Remit offers specialized integration with Alipay and WeChat Pay for rapid digital wallet settlements. Always verify IOF (Tax on Financial Operations) rates with the Central Bank of Brazil (BACEN) before initiating large transfers.

Why "Best for Large Transfers" Matters for Assets & Long-Term Transfers

When moving significant assets or conducting long-term family maintenance transfers from Brazil to China, the definition of "best" shifts from speed to capital preservation and regulatory safety. Small remittances often prioritize convenience, but large transfers (exceeding 10,000 BRL) are sensitive to:

• FX Spread Volatility: A 1% difference in exchange rates can result in significant losses on large volumes.
• IOF Taxation: Brazil imposes the Imposto sobre Operações Financeiras. Understanding whether your transfer is classified as "maintenance of residents" (typically 0.38%) or transfer to self (1.1%) is crucial for asset protection.
• SAFE Compliance: The State Administration of Foreign Exchange (SAFE) in China enforces a $50,000 USD annual quota for Chinese citizens. Providers must properly code transactions to ensure they are accepted by Chinese banks.

Comparison: Money Transfer Services (BRL to CNY)

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

Provider Analysis: Navigating the BRL to CNY Corridor

1. Wise (formerly TransferWise)

Wise remains a benchmark for transparency. For Brazilian users, Wise facilitates payments via TED or PIX. The primary advantage is the use of the mid-market exchange rate without a hidden markup. However, for transfers specifically targeting Chinese digital wallets, the process may require the recipient to manually link their bank card to the app to receive funds.

2. Panda Remit

Panda Remit has established itself as a specialist for the China corridor. Unlike generalist providers, Panda Remit has official partnerships with Alipay and WeChat Pay, allowing for seamless digital payouts. This is particularly relevant for the Chinese diaspora in Brazil who prefer receiving funds directly into their primary payment ecosystems.

3. Western Union

While Western Union offers extensive physical reach, it is generally less suitable for "Assets & Long-Term Transfers" due to wider exchange rate spreads that erode the principal amount on large transfers. It remains a viable option only when the recipient lacks a bank account or digital wallet.

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 foreign exchange transactions in Brazil are monitored by the Banco Central do Brasil (BACEN). Users must provide a CPF (Cadastro de Pessoas Físicas) for all transactions. In 2026, automated compliance checks for PIX-initiated international transfers have become standard to prevent evasion of the IOF tax.

China: SAFE Regulations

The State Administration of Foreign Exchange (SAFE) monitors inflows. For large transfers, recipients in China may be required to declare the source of funds via their banking app or the Alipay/WeChat interface. Failure to provide proper documentation (e.g., proof of income or family relationship) can result in funds being returned.

Hidden Costs to Watch

Beyond the upfront fee, users should be aware of:

• Intermediary Bank Fees: If using SWIFT (common with traditional banks), institutions between Brazil and China may deduct $15-$30 USD.
• Landing Fees: Some Chinese banks charge a small fee for receiving foreign currency wires.

When Panda Remit is a Strong Choice

Panda Remit is particularly strong when speed and digital integration are priorities. Its infrastructure is built on direct partnerships with Chinese payment processors.

Corridor Analysis: High Liquidity Routes

While this guide focuses on Brazil, Panda Remit's reliability is evidenced by its performance in high-volume Asian corridors, such as JPY to CNY. In these markets, Panda Remit offers near-instant settlement and high transparency regarding FX spreads. This global infrastructure benefits BRL users by ensuring the underlying compliance and settlement engines are robust enough to handle significant transaction volumes securely.

Trust Signals

Panda Remit operates under strict regulatory oversight in multiple jurisdictions, including the FCA (Financial Conduct Authority) in the UK and ASIC in Australia. These certifications provide a layer of trust for Brazilian users, ensuring that the platform adheres to global anti-money laundering (AML) standards.

FAQs: Sending Money to China

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

Yes, Panda Remit is a regulated financial service provider. For large amounts, you will be required to complete Enhanced Due Diligence (EDD) to comply with anti-money laundering regulations.

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

The IOF is a mandatory federal tax in Brazil. As of 2026, transfers to a third party (maintenance of residents) generally incur a 0.38% tax, while transfers to your own account abroad typically incur 1.1%. Always confirm the classification with your provider.

Can I send money directly to Alipay from a Brazilian bank account?

Yes, providers like Panda Remit allow you to fund the transfer via PIX or TED in Brazil and select Alipay as the payout method. The recipient must have their Alipay account verified and linked to a Chinese bank card.

What documents are needed for large transfers to China in 2026?

You will typically need your CPF, a valid photo ID, and potentially proof of income or source of funds if the transaction exceeds certain thresholds set by BACEN or the provider.

Does the recipient in China pay fees to receive the money?

Generally, if sending to Alipay or WeChat Pay via Panda Remit, the recipient does not pay a receiving fee. However, if sending via SWIFT to a bank account, the receiving bank may charge a landing fee.