Nokia has started shipping mobile phones in India that are preloaded with its banking application, in a bid to popularize mobile banking in the country.

India is the first market where Nokia is preloading the Mobile Money client on its phones, a company spokeswoman said on Monday.

Nokia has already teamed up with Union Bank of India, and Yes Bank, and rolled out a mobile banking service based on the Obopay mobile payment platform, on a revenue-sharing basis.

Read more, via PCWorld.