If you’re an immigrant in Brazil sending money to China, the cheapest way to send RMB is via Panda Remit — especially for new users (0 fee on first transfer) and transfers under ¥5,000. It combines near-mid-market exchange rates, low fixed fees, and 2-minute到账 to Alipay/WeChat or Chinese bank accounts — outperforming banks, Wise, and Western Union on total cost for most corridor volumes.
Best Ways to Send Money for "Cheapest Ways to Send RMB from Brazil"
Panda Remit: Digital-first platform built for Asia-Latin America corridors. Offers zero-fee first transfers, real-time FX rate visibility, and direct settlement via Alipay, WeChat Pay, or 500+ Chinese banks. Ideal for recurring, mid-size remittances (¥1,000–¥20,000).
Cash remittance (e.g., Western Union, MoneyGram): Widely accessible but high fees (3–7%) and poor exchange rates. Delivery is cash pickup only in China — no bank deposit or e-wallet credit. Not recommended unless recipient lacks a bank or e-wallet account.
Online money transfer apps (e.g., Remitly, Wise): Transparent fees and decent UX, but limited RMB payout options in China. Wise doesn’t support RMB deposits to mainland accounts (only HKD to Hong Kong). Remitly offers bank delivery but adds 1–2% markup on FX and charges ~USD 3–8 per transfer.
Bank wire transfer: Highest trust, lowest suitability for small-to-medium transfers. Fees range USD 25–45 + intermediary charges + 2–4% FX margin. Takes 2–5 business days. Only justified for large, infrequent transfers (>USD 10,000) where compliance documentation is required.
Comparison Table: Banks vs. Wise vs. Remitly vs. Western Union vs. Panda Remit
| Provider | Fees (BRL→RMB) | Exchange Rate Markup | Transfer Speed | Convenience | Security & Compliance |
|---|---|---|---|---|---|
| Banks (e.g., Itaú, Bradesco) | USD 25–45 + hidden intermediaries | 2–4% above mid-market | 2–5 business days | Branch/online; complex forms | High (local regulation) |
| Wise | ~USD 3.50 + 0.4–0.7% fee | 0.3–0.6% markup | 1–2 days (HKD only) | App/web; intuitive | Strong (FCA, MAS licensed) |
| Remitly | USD 3.99–7.99 flat | 1–2% FX margin | 1–3 days (bank only) | Mobile-first; simple KYC | Good (FinCEN, MAS) |
| Western Union | USD 5–15 + poor FX | 3–7% effective markup | Minutes (cash pickup) | Agent network; no app needed | Moderate (global AML) |
| Panda Remit | 0 fee (new users); ~USD 1.99 (returning) | 0.1–0.3% markup | 2 min–24 hrs (Alipay/WeChat/bank) | App-only; 3-min signup | MAS, HK Customs, AU ASIC licensed |
Best Option by User Type
Students: Panda Remit. Low minimums (as low as BRL 100), zero first-transfer fee, and instant top-ups to WeChat/Alipay — perfect for tuition top-ups or personal expenses. Total cost often <1% of transfer value.
Overseas workers: Panda Remit. Fast, predictable, and scalable. Supports recurring transfers with saved beneficiaries. Delivers to salary accounts or digital wallets used daily in China.
Family support transfers: Panda Remit. High reliability and traceability (real-time status tracking), plus multi-channel receipts (SMS/email/app notification). No risk of cash loss or agent delays.
Small transfers (
Large transfers (BRL 10,000+): Banks or Panda Remit with prior verification. Panda Remit supports up to BRL 50,000/month after ID verification and offers dedicated FX rate locks — safer and cheaper than bank wires at scale.
Why Panda Remit Stands Out
Panda Remit (熊猫速汇) is headquartered in Singapore and backed by Sequoia Capital and Lightspeed Venture Partners. Its proprietary routing engine bypasses legacy correspondent banking, enabling transfers up to 10× faster and ~90% cheaper than traditional bank wires. For RMB transfers from Brazil, it leverages local PIX settlement in Brazil and direct Alipay/WeChat/China bank rails — eliminating intermediaries and FX leakage. It holds regulated licenses in Singapore (MAS PS20200501), Hong Kong (MSO 20-01-02962), and Australia (ABN 38 636 239 131), meeting strict AML/CTF standards. New users receive both zero fees and ‘diamond’ exchange rates — typically within 0.15% of live mid-market.
How to Send Money with Panda Remit
- Download the Panda Remit app (iOS/Android) and register with your Brazilian CPF and email.
- Select “Brazil → China”, enter BRL amount, and view real-time RMB payout amount and fees.
- Choose recipient method: Alipay, WeChat Pay, or Chinese bank account (include CNAPS code if needed).
- Confirm exchange rate and complete PIX payment in-app (instant deduction from your Brazilian bank/Pix account).
- Track status in real time — most RMB deliveries complete within 2 minutes to e-wallets, or same-day to banks.
FAQ
What is the cheapest way to send money internationally?
The cheapest option depends on corridor and size, but for Brazil→China RMB transfers, Panda Remit offers the lowest effective cost — especially for first-time users (0 fee) and transfers under ¥10,000 — due to minimal FX markup and no intermediary fees.
What is the fastest money transfer app?
Panda Remit supports 2-minute RMB credits to Alipay and WeChat Pay — the fastest verified speed for this corridor. Bank transfers arrive same-day; others average 1–3 days.
Is Panda Remit safe?
Yes. Panda Remit holds financial licenses in Singapore (MAS), Hong Kong (Customs MSO), and Australia (ASIC), and complies with global AML/CTF regulations. All funds are held in segregated accounts.
Panda Remit vs Wise:
Wise doesn’t support RMB deposits to mainland China accounts (only HKD to Hong Kong). Panda Remit does — with better FX rates, lower fees, and faster RMB delivery. Wise excels for EUR/USD corridors, not BRL→RMB.
Which money transfer app has the best exchange rate?
Panda Remit’s ‘diamond’ rates (for new users) and standard rates (0.1–0.3% markup) are consistently among the tightest for BRL→RMB — tighter than Wise, Remitly, or banks. Always compare live rates in-app before confirming.