SÃO PAULO, Brazil — May 2026 — XTransfer, the world’s leading B2B cross-border trade payment platform, has officially commenced operations in Brazil with the opening of its new office on Avenida Paulista in São Paulo.
The expansion strengthens XTransfer’s localized presence in Brazil, Latin America’s largest economy, and supports businesses engaged in China-Brazil trade and broader international commerce. The new office will help local businesses manage cross-border payments, foreign exchange, international collections, and settlement more efficiently.
Strengthening XTransfer’s Presence in Brazil
Brazil is a strategic market for XTransfer’s expansion in Latin America, given its economic scale, regional influence, and strong connections with global trade markets.
The country has a diversified economy spanning agriculture, commodities, manufacturing, energy, technology, and consumer industries. These sectors generate significant demand for reliable B2B cross-border payment infrastructure that can connect Brazilian businesses with international suppliers and buyers.
The new São Paulo office strengthens XTransfer’s local operational capabilities and enables closer engagement with businesses, financial institutions, trade organizations, and local business communities.
The opening ceremony brought together representatives from international trade associations, bilateral business organizations, and local enterprises, including the China Council for the Promotion of International Trade (CCPIT) Brazil Office, the Brazilian Association of Chinese-Invested Enterprises, and LIDE CHINA.
Through its local team, XTransfer aims to provide more localized support for Brazilian SMEs, importers, exporters, and companies participating in China-Brazil trade.
Why Brazil Matters for China-LATAM Trade
China remains Brazil’s largest trading partner. According to Brazil’s Ministry of Development, Industry, Trade and Services (MDIC), China-Brazil bilateral trade reached approximately US$158 billion in 2024, highlighting the depth of the economic relationship between the two markets.
Trade between Brazil and China spans major sectors including agricultural products, commodities, machinery, industrial equipment, electronics, and consumer goods.
For Brazilian importers, particularly those purchasing machinery, electronics, and manufactured goods from China, efficient international supplier payments are essential for maintaining predictable cash flow and stable supplier relationships. These transactions may involve managing Brazilian Real (BRL), Chinese Yuan (RMB), and US Dollar (USD) across different financial systems.
For Brazilian exporters, including companies selling agricultural products, commodities, and manufactured goods to China, reliable international collection and foreign exchange capabilities are equally important for managing cash flow and supporting international growth.
As trade between the two markets continues to expand, businesses increasingly need payment infrastructure that can connect local payment systems with international financial networks.
Addressing Cross-Border Payment Challenges for SMEs
Despite Brazil’s strong position in international trade, cross-border transactions can remain complex for SMEs.
Traditional international payment processes may involve multiple financial institutions, foreign exchange providers, and intermediary banks. Businesses can also face challenges related to exchange-rate management, transaction visibility, compliance requirements, and settlement timelines.
For Brazilian importers, these challenges can make overseas supplier payments more difficult to manage, particularly when purchasing from suppliers in China and other international markets.
For exporters, receiving payments from overseas buyers can create similar challenges, especially when entering markets with different currencies, banking systems, and payment requirements.
Digital payment infrastructure can help simplify these processes by connecting local and international payment networks while providing businesses with greater visibility over collections, payments, and foreign exchange.
This is particularly relevant to SMEs, which often have fewer international banking resources than larger multinational companies.
Building Local Capabilities in São Paulo
São Paulo is one of Brazil’s leading financial and commercial centres, bringing together major financial institutions, multinational companies, technology businesses, and international trade organizations.
The city also serves as an important gateway for Brazilian companies engaging with regional and global markets. Establishing an office on Avenida Paulista gives XTransfer a local base from which to engage more closely with businesses and trade communities.
The Brazil team will focus on customer support, local business engagement, and understanding the payment and settlement requirements of companies participating in international trade.
By combining local market capabilities with its global payment network, XTransfer aims to make cross-border transactions more accessible and efficient for businesses operating between Brazil, China, and other international markets.
XTransfer’s Global Payment Infrastructure
Founded in 2017, XTransfer provides digital payment infrastructure for SMEs engaged in international trade. Its B2B cross-border payment platform supports international payments, global collections, foreign exchange management, and multi-market settlement.
For businesses operating along the Brazil-China trade corridor, these capabilities can support both sides of the trade cycle, from Brazilian importers paying overseas suppliers to Brazilian exporters collecting payments from international buyers.
XTransfer currently serves more than 1 million enterprise clients globally, provides payment services across 200+ countries and regions, and processed more than US$60 billion in total payment volume (TPV) in 2025, according to CIC.
The company combines technology, compliance capabilities, and localized operations to connect financial institutions with SMEs and provide digital payment infrastructure for global trade.
Supporting the Next Stage of Brazil’s Global Trade Connectivity
The establishment of XTransfer’s São Paulo office comes as Brazilian businesses continue to deepen their connections with China and other international markets.
For SMEs, more efficient cross-border payment infrastructure can help simplify international collections, supplier payments, foreign exchange management, and settlement.
For companies participating in China-Brazil trade, the ability to manage payments across BRL, RMB, USD, and other currencies is becoming increasingly important as supply chains and commercial relationships become more international.
By expanding its local presence in Brazil, XTransfer aims to provide closer support to businesses participating in international trade while strengthening connectivity between Brazil, China, and global markets.
About XTransfer
XTransfer is a global fintech company building digital payment infrastructure for businesses engaged in international trade.
Through its B2B cross-border payment platform, XTransfer helps SMEs manage global collections, supplier payments, foreign exchange, and multi-market settlement with secure, compliant, fast, and cost-effective payment solutions.
Founded in 2017, XTransfer serves more than 1 million enterprise clients globally, provides payment services across 200+ countries and regions, and processed more than US$60 billion in total payment volume (TPV) in 2025, according to CIC.
Recognised as a leading B2B cross-border payment platform, XTransfer connects financial institutions with SMEs worldwide, enabling businesses to participate more efficiently in global trade.
Sources
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Brazil Ministry of Development, Industry, Trade and Services (MDIC) — Official Trade Statistics
(China-Brazil bilateral trade reached approximately US$158 billion in 2024)
https://www.gov.br/mdic/ -
XTransfer — Brazil São Paulo Office Announcement
(Brazil market expansion; São Paulo office opening; China-Brazil trade corridor development) -
XTransfer Official Website
(1 million+ enterprise clients globally; 200+ countries and regions)
https://www.xtransfer.com/ -
XTransfer — HKEX Application Proof
(US$60 billion+ total payment volume (TPV) in 2025)
https://www1.hkexnews.hk/app/sehk/2026/108462/documents/sehk26042402872.pdf
