Last updated: March 2026
© 2026 Phodata LLC. All rights reserved. "Pym" and the Pym logo are trademarks of Phodata LLC. Standard data charges may apply. Read our Terms of Service. Read our Privacy Policy.
Pym is not a bank. Pym is a technology platform operated by Phodata LLC (MSB Registered, FinCEN BSA ID: 31000323177607) that provides cross-border money transfer services and technology solutions. Pym partners with multiple licensed third-party service providers to facilitate payments, currency conversion, and fund transfers on behalf of its users.
Card payments and ACH bank transfers are processed by Stripe, Inc. Wire deposit services are facilitated through Mercury, a financial technology company, with banking services provided by its partner banks (members FDIC). Pym does not hold customer funds in deposit accounts.
For certain deposit and currency conversion transactions, Pym may utilize stablecoin corridors provided by Bridge (a Stripe company) and its licensed third-party service providers. For these transactions, Pym acts solely as an intermediary to relay your payment instructions to regulated third-party entities. Pym does not at any time receive, hold, or transmit stablecoins or digital assets on your behalf — all digital asset movements are handled by licensed third-party service providers.
Foreign exchange rates are provided for informational purposes and are subject to change. Rates displayed at the time of transaction initiation may differ from the final settlement rate. Cryptocurrency-to-fiat conversions are executed through licensed digital asset exchanges. Pym is not responsible for delays caused by third-party banking networks, compliance reviews, or recipient bank processing times.
Phodata LLC is registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN). Pym complies with applicable federal and state regulations, including the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) requirements. Money transmission services may be provided through licensed third-party partners where required by applicable state law. For questions or complaints, contact us.
Cross-border money transfers involve currency exchange risk. The recipient amount in Indian Rupees (INR) may fluctuate based on market conditions between the time a transfer is initiated and when it is completed. Past exchange rates are not indicative of future rates. Transfers are subject to review and may be delayed or declined for compliance purposes.