The left-back joined Stars earlier this month after a five-year stay with the Buccaneers.
Phungwayo, who struggled for game-time in recent years in Mayfair amid competition from the likes of Thabo Matlaba, has played the past three matches for Ea Lla Koto and is enjoying his time in Bethlehem.
"So far being a Free State Stars player has been good to me," Phungwayo tells KickOff.com.
"Obviously a different environment, but good. The guys have been also good to me, even the coach and management gave me a warm welcome. It's now up to me to work hard.
"It's not really a big transition [moving from Pirates to Stars]. Match fitness wasn't there at first but it's getting there."
The 29-year-old was linked with a move to Tshwane giants SuperSport United following his release from Bucs, but he says he had to consider his options carefully.
"One of the reasons I chose Stars was because I wanted to play. As we all know that I didn't get enough game-time at Pirates in the past two years. Looking at my age made me realise that I need to start playing."
Phungwayo is not looking too far ahead at this stage of his career.
"So far I'm happy at Stars because getting game-time is more important than anything for any football player. We will see what happens in the future, but as I said, so far I'm happy here."
Luc Eymael's side, in 14th spot on the table with four points from five games, visit high-flying Maritzburg United on Friday night.