SÃO PAULO--(BUSINESS WIRE)--Aug 12, 2025--
XTransfer, the World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform, recently participated in Fórum E-Commerce Brasil 2025, the largest and most influential e-commerce summit in Brazil. The event brought together leading Latin American e-commerce platforms, including Mercado Libre, Amazon, and TikTok, among others. During the event, XTransfer announced its commitment to deepening its presence in Brazil and the Latin American market, partnering with local banks and financial institutions to provide secure, convenient, and compliant cross-border payment solutions for SMEs in Brazil and across Latin America.
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Currently, Brazil is the largest e-commerce market in Latin America. According to data from Latin American analytics platform PCMI, Brazil’s total e-commerce transaction volume exceeded USD 346 billion in 2024. The platform also forecasts that by 2027, over two-thirds of Brazilians will be online shoppers, and e-commerce transaction volume will reach USD 586 billion. The number of online shoppers in Brazil has surpassed 100 million, with cross-border shopping demand continuously growing, and more SMEs actively participating in international trade. The overall e-commerce market in Latin America is also experiencing rapid development, showing enormous potential.
XTransfer’s Leader in Brazil Office stated at the forum, “The e-commerce development in Brazil and Latin America is booming, and consumers’ demand for cross-border payments and local collection is increasing. XTransfer is working closely with local banks and financial institutions in Brazil to provide SMEs with safe, compliant, and low-cost local payment and collection services, helping companies reduce international payment costs, improve operational efficiency, and seize global opportunities.”
Through XTransfer accounts, global foreign trade enterprises can directly receive payments from Brazilian buyers in Brazilian Real (BRL). Buyers in Brazil and across Latin America can use PIX (Brazil’s instant payment method) to pay suppliers in China and worldwide in BRL, eliminating the need for complex foreign exchange procedures and reducing intermediaries and exchange losses. In the future, XTransfer will continue to expand its cooperation network in the Latin American market, promote global trade facilitation, and empower more enterprises to go international.
XTransfer’s Leader in Brazil Office at the Forum.
SAO PAULO (AP) — Former Brazilian President Jair Bolsonaro underwent double hernia surgery on Thursday at a hospital in the country's capital, his family said.
The procedure in Brasilia lasted about 3½ hours and was completed without complications, according to his family.
Bolsonaro, who has been hospitalized since Wednesday, has been serving a 27-year prison sentence since November for an attempted coup.
He was granted court permission to leave prison after federal police doctors confirmed that he needed the procedure.
Doctors say Bolsonaro's double hernia causes him pain. The former leader, who was in power between 2019 and 2022, has gone through several other surgeries since he was stabbed in the abdomen during a campaign rally in 2018.
Justice Alexandre de Moraes, who oversaw Bolsonaro’s coup trial and sentenced him to prison, authorized the procedure, but denied the former president’s request for house arrest after he leaves the hospital.
Bolsonaro doesn't have any contact with the few other inmates at the federal police headquarters in Brasilia, where he is held and where his 12-square-meter (around 130-square-foot) room has a bed, a private bathroom, air conditioning, a television and a desk, according to authorities.
He has free access to his doctors and lawyers, but other visitors must receive approval from the Supreme Court. On Wednesday, de Moraes authorized Bolsonaro’s sons to visit him while he's hospitalized. His wife, Michelle Bolsonaro, is accompanying him.
Early Thursday, his eldest son, Sen. Flávio Bolsonaro, told reporters before the surgery that his father had written a letter confirming he had appointed him as his political party's presidential candidate in next year’s election. Flávio Bolsonaro announced on Dec. 5 that he will challenge President Luiz Inácio Lula da Silva, who is seeking a fourth nonconsecutive term, as the candidate of Bolsonaro’s Liberal Party.
The senator read the letter to journalists, and his office released a reproduction of it to the media.
“He represents the continuation of the path of prosperity that I began well before becoming president, as I believe we must restore the responsibility of leading Brazil with justice, resolve and loyalty to the aspirations of the Brazilian people,” Bolsonaro said in the handwritten letter, dated Dec. 25.
The former president and several of his allies were convicted by a panel of Supreme Court justices for attempting to overthrow Brazil’s democratic system following his 2022 election defeat.
The plot included plans to kill Lula, Vice President Geraldo Alckmin and de Moraes. There was also a plan to encourage an insurrection in early 2023.
Bolsonaro was also convicted on charges that include leading an armed criminal organization and attempting the violent abolition of the democratic rule of law. He has denied any wrongdoing.
Follow the AP’s coverage of Latin America and the Caribbean at https://apnews.com/hub/latin-america
Brazil's former President Jair Bolsonaro points to his electronic ankle monitor that the Supreme Court ordered him to wear, at Congress in Brasilia, Brazil, July 21, 2025. (AP Photo/Minervino Junior, CB/D.A Press, File)
