Uzbekistan vs. UK vs. Europe: How P2P payments user flows differ

When we think about simple P2P local transfers, user patterns and expectations differ from geography to geography. We’ve analysed 3 cases to help fintech product teams understand these nuances and optimise their payment flows.

Uzbekistan card transfers

Uzbekistan’s users’ money sending pattern is different, mainly P2P payments made card to card. You should use a 16 digit local card number (Uzcard, Humo, VISA SUM, MIR other) to pay.  

Open banking is key: This allows users to connect their bank accounts to third-party apps and make payments from various banks or wallets apps.

Uzbekistan P2P user flow [Uzum Bank]:

1. Open any local payment app 
2. Select “Transfer”
3. Enter or scan 16 digit card number 
4. Confirm amount
5. Payment processed instantly

Watch card to card payments userflow:

UK local transfers – faster Payments

Faster Payments: For everyday transfers, Faster Payments is the go-to. It’s instant, available 24/7, and widely supported by banks and payment apps.

UK P2P user flow [Monzo]

1. Open banking app or wallet 
2. Select “Pay someone new” or choose an existing payee
3. Enter payee details (account number and sort code)
4. Confirm payment details
5. Payment processed instantly

Watch card to card payments userflow:

EU local transfers – SEPA

SEPA (Single Euro Payments Area) is most popular across the EU, but local variations still exist.

• SEPA Instant Transfers: These are gaining popularity, offering real-time euro transfers across borders.
• Mobile Wallets on the Rise: While not as widespread as in some regions, mobile wallets are becoming more common for P2P transfers.

EU P2P user flow [Barclays]:

1. Open banking app or wallet 
2. Choose transfer type (SEPA)
3. Enter recipient’s IBAN
4. Confirm payment details
5. Payment processing time varies (instant for SEPA Instant, may take longer for other methods)
   

Watch card to card payments userflow: