Known as the Kingdom of Football, the Land of Samba, and the Coffee Capital of the World, Brazil is a nation renowned for its vibrant energy and rich resources. Yet beyond its cultural pulse lies a rapidly rising economic powerhouse, brimming with potential.
To help global businesses expand efficiently into Brazil, SUNRATE has officially launched its Brazil Collection Account, enabling buyers to pay in Brazilian Real (BRL) and sellers to receive funds directly in BRL — allowing settlement in the original currency. With its cost-efficient and time-saving local payment experience, SUNRATE empowers businesses to integrate more deeply into the Brazilian market and accelerate growth.
Key advantages of SUNRATE's Brazil Collection Services
Settle in the original currency for greater cost efficiency
• Open a Brazil Collection Account online at zero cost, with no management or hidden fees.
• Buyers pay in BRL, sellers receive in BRL — reducing conversion and transaction costs.
• Direct connectivity to Brazil’s local clearing network allows settlements as fast as T+0, significantly shortening payment cycles.
• Quote directly in BRL to simplify pricing negotiations with local buyers and avoid payment delays or defaults caused by exchange rate fluctuations.
Simple operation, seamless experience for buyers
• For local buyers in Brazil, payment is effortless — simply scan the seller’s PIX QR code using mobile or online banking to complete payment instantly. The process is intuitive, aligns with local habits, and enhances the buyer’s payment experience and willingness to purchase — helping merchants close more deals.
*Note: PIX is an instant payment system launched by the Central Bank of Brazil (BCB) in late 2020. With over 160 million users, PIX enables 24/7 real-time fund transfers among individuals, businesses and government entities, and has now surpassed credit and debit cards to become Brazil’s most popular payment method.
Global Collections and Efficient Fund Flows
After successfully receiving payments, exporters can also enjoy a suite of flexible, efficient services:
• Initiate FX conversions and withdrawals or global payments to suppliers 24/7.
• Make payments in 130+ currencies to over 190 countries and regions, supporting borderless business operations.
Secure and Compliant Transactions
• SUNRATE partners with locally licensed financial institutions to ensure all fund flows are secure, stable and compliant with local regulations.
• Backed by AI-driven technology for risk management, SUNRATE continuously monitors and protects every transaction — safeguarding both funds and information.
A Market Potentially Too Promising to Miss
As the largest country in Latin America by both area and population, Brazil leads the region’s economy. Its vast market potential, abundant resources, and fast-growing consumer base make it a pivotal player in the global economy.
Notably, China has been Brazil’s largest trading partner for 16 consecutive years, while Brazil was the first Latin American country to surpass US$100 billion in trade with China. According to China Customs, bilateral trade between the two countries reached US$188.17 billion in 2024, marking a 3.56% year-on-year increase.
Brazil’s trade with China is strongly complementary:
⏪ Major exports to China: soybeans, crude oil, iron ore, beef, pulp, cotton, and sugar.
⏩ Major imports from China: passenger cars, semiconductors, telecom equipment, pesticides, integrated circuits, transformers, auto parts, nitrogen compounds, audio media, and steel.
Beyond trade, Brazil is also Latin America’s largest consumer market — a dynamic landscape shaped by its diverse festivals and culture of celebratory spending. From electronics and fashion to homeware, health, hobbies and daily essentials, online consumption continues to surge, presenting vast opportunities for global sellers.
To help businesses plan ahead, SUNRATE has compiled Brazil’s key festivals and events into a calendar, highlighting notable ones to help businesses align campaigns and capitalise on opportunities.
Note: Dates are based on publicly available information and may vary each year — advance planning is recommended.
Steps to Activate SUNRATE’s Brazil Collection Account
1. Account Registration
⇨ Sign up on the SUNRATE platform and complete the necessary verification procedures.
2. Application for a New Collection Account
⇨ Navigate to the "Global Collection" section and select "Apply".
3. Account Application Process
⇨ Select ‘B2B Goods Trade’.
⇨ Choose ‘Brazil’ from the list of available regions under ‘Account Information’ and provide any required documentation.
Upon successful review, the Brazil collection account will be activated, enabling businesses to receive local payments seamlessly.
Looking ahead, SUNRATE remains dedicated to driving innovation in global payment solutions as we continue to expand our collection services and introduce more collection solutions across key countries and regions.
To get started and partner with a solutions provider that can help your business optimise payments and help you scale both locally and globally, open a SUNRATE account today or contact our sales team.
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