Nokia, one of the most widespread mobile handset providers has started offering mobile banking services through its handsets. In a tie up with Obopay, a leading payment service provider, mobile banking is set to go for further penetration in India.

Obopay already has tie ups with lenders like Union Bank of India and Yes Bank.

No bank account is needed in order to avail this facility. It can be set up only using a photo identity proof and address proof.

Presently the service is available across 130 Indian cities. In future, it is going to reach out to more than 200,000 Nokia Priority dealers, 2,300 branches of Union Bank of India and 214 branches of YES Bank.

"Over the past two quarters there has been more than 50% growth on a monthly basis hence ensuring faster uptake of the service across the country," said Deepak Chandnani, chief executive officer, Obopay.