Leader in mobile handset manufacture, Nokia has said that with its application called 'Mobile Money' it is going to aid in the financial inclusion plans of India.

The service would be working towards taking banking facilities to the unbanked areas of the country through the use of mobile phones.

"As part of Nokia's vision of enabling a broad community with financial services, the application would be available not only on high-end Nokia smartphones, but also on feature phones and entry level devices," Nokia General Manager (Mobile Payment Services) Gary Singh said.

A variety of operations like bill payment, money transfer, prepaid SIM top-up, account management and cash withdrawal from Business Correspondents cash-out outlets (registered Nokia stores) and ATMs can be done through this application of Nokia.

The service is already been rolled out in the country in collaboration with banks like Union Bank of India (UBI), Yes Bank, Obopay and a wide range of merchants, retailers and business correspondents, said Singh.

"We would like to see the services rolled out pan-India over the next 12-18 months," Singh said.

The customers can choose which bank to opt for while availing the services from Nokia like Union Bank Money or YES Bank Mobile Money Services.