Company Information

Get to know phyre JSC

Phyre JSC is a technology company based in Sofia, Bulgaria, that developed and operates the "phyre" mobile application. The app transforms a user's smartphone into a digital wallet, enabling contactless payments with a virtual Mastercard, peer-to-peer money transfers, and the digitization and storage of loyalty cards. The company's mission is to simplify everyday financial transactions and make mobile payments accessible to a broader audience. Phyre JSC is a representative of Paynetics AD, a regulated electronic money institution, which provides the underlying financial infrastructure for the service.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service
Financial PSP Gateway

Contact

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phyre JSC

Bulgaria

Founded in

Jul 2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/10

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.