XTransfer , the world’s largest platform and China’s number one in B2B payments for international trade , recently participated in the E-Commerce Brazil 2025 Forum, the largest and most influential e-commerce event in Brazil. The event brought together leading Latin American platforms such as Mercado Libre, Amazon, and TikTok, among others. During the event, XTransfer announced its commitment to expanding its presence in the Brazilian and Latin American markets by partnering with local banks and financial institutions to offer secure, convenient, and compliant international payment solutions for SMEs in Brazil and Latin America.
Brazil is currently the largest e-commerce market in Latin America. According to data from the Latin American analytics platform PCMI, the total volume of e-commerce transactions in Brazil exceeded US$346 billion in 2024. The platform also projects that by 2027, more than two-thirds of Brazilians will be online consumers, and the volume of e-commerce transactions will reach US$586 billion. The number of online shoppers in Brazil has already surpassed 100 million, with the demand for international purchases growing steadily, in addition to an increase in the active participation of SMEs in foreign trade. The overall e-commerce market in Latin America is also developing rapidly, showing enormous potential.
The head of XTransfer’s Brazil office stated during the forum: “E-commerce development in Brazil and Latin America is expanding, and consumer demand for international payments and local collections is growing. XTransfer works closely with local banks and financial institutions to offer SMEs secure, compliant, and low-cost local payment and collection services, helping companies reduce international payment costs, improve operational efficiency, and seize global opportunities.”
With XTransfer accounts, global foreign trade companies can receive payments directly from Brazilian buyers in Brazilian Reais (BRL). Buyers in Brazil and throughout Latin America can use PIX (Brazil’s instant payment method) to pay suppliers in China and around the world in BRL, eliminating complex exchange procedures and reducing intermediaries and exchange rate losses. In the future, XTransfer will continue to expand its cooperation network in the Latin American market, promoting global trade facilitation and supporting more companies in internationalizing their businesses.
The original language text of this announcement is the official, authorized version. Translations are provided for convenience only and must refer to the original language text, which is the only legally binding version.
