News Product update

Wise Expands Boundaries: Now businesses can send money in BRL to consumers in Brazil

Helene Colla Romanzini
Helene Colla Romanzini
16.05.23 (updated more than 1 year ago)
Read time 2 minutes

Greetings, Wise community! We are thrilled to announce that companies worldwide can now use Wise to effortlessly send Brazilian Real (BRL) to consumers in Brazil.

This new feature opens up endless business possibilities, especially when paying freelancers and staff in Brazil. Companies can make international payments by choosing Wise, with no hidden fees or exchange rate markups.

Moreover, businesses can save up to 19x compared to PayPal when making business payments.

Paying Freelancers in Brazil Simplified:

Freelancers are vital in today's global workforce, providing specialized skills and services to businesses across the world. However, paying freelancers in Brazil has traditionally been complex and expensive.

With Wise, we have simplified the payment landscape, enabling companies to seamlessly transfer funds directly to freelancers' Brazilian bank accounts in BRL.

Unlocking Cost Savings on International Payments:

At Wise, we understand the importance of cost efficiency in international payments. Traditional methods often burden businesses with hidden fees and unfavorable exchange rates, eroding profits. With Wise, we aim to change that narrative.

Wise charges a transparent and low fee for each transaction, making it a cost-effective choice for businesses of all sizes. By utilizing Wise for international payments, companies can save up to 6x compared to traditional banks, enabling them to allocate their resources more efficiently and fuel their growth.

No Hidden Fees or Exchange Rate Markups:

Hidden fees and exchange rate markups have long plagued traditional international payments, leaving businesses frustrated and uncertain. At Wise, we believe in transparency and fairness. That's why we have designed our platform to eliminate hidden costs and provide complete visibility for every transaction.

Fast transfer time:

More than 60% of Wise transfers to Brazil arrive in just one hour, ensuring your payments reach their recipients quickly and efficiently.

Time is of the essence in today's fast-paced business world, and Wise understands the importance of timely payments for freelancers and staff.

Using Wise to send money in BRL to Brazil is easy.

All you need to do is open a Wise account, which is a quick and straightforward process.

Once you set up your account, click "Send Money" and select the option to send money to a person. Specify the amount you want to send and choose the currency as BRL. The following steps involve adding the destination user's information, such as their name and bank details.

With just a few clicks, you can initiate the transfer and rest assured that your payment will reach its intended recipient securely and promptly.

Choose Wise for your cross-border payments to Brazil, and experience the freedom of a transparent, cost-effective, and hassle-free solution. Welcome to the future of global payments!

About Wise:
    Wise is not a bank, but rather a global technology company, building the best way to move money around the world. With the Wise account, people and businesses can hold over 50 currencies, move money between countries and spend money abroad.
    Large companies and banks use Wise technology too; an entirely new cross-border payments network that will one day power money without borders for everyone, everywhere. However you use the platform, Wise is on a mission to make your life easier and save you money.

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

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