US_based mobile payments company, Obopay is planning to launch person-to-person mobile payment service in the country.

"We are in talks with more than 15 banks and are close to sealing deals with three banks. We hope to launch our service here within a month," said Obopay Vice-President Business Development Balachandra Unni.

According to Unni, anyone having a mobile phone and bank account will be able to transfer money to another person at the other end provided that person also has a bank account and a mobile phone.