Mobile banking is gaining traction and is expected to reach 50 percent of consumers by 2016, according to a new study from global business advisory firm AlixPartners.

Financial institution M&T Bank Corp. has rolled out a line of mobile services to help its business clients conveniently manage their finances while on the go.

Barclay’s new Pingit mobile app is intended to simplify how individuals exchange money by enabling users to send and receive currency directly from their smartphone.

Intuit Inc. has rolled out an iPad application that helps consumers better manage their finances, no matter where they are.

Visa Inc. has rolled out a suite of new mobile services that lets financial institutions offer their account holders the ability to monitor account history and balances.

Fueled by large financial institutions, mobile banking grew 63 percent from 2010 to 2011 and reached 22 million new consumers in 2011, according to a study from Javelin Strategy and Research.

The use of mobile banking apps is growing quickly as consumers look for ways to easily access their financial information while on the go, according to a new report from comScore.

Mobile banking is expected to continue to rise by 2013 with a half billion consumers using the services, according to a study from Juniper Research.

Can mobile business models and banking solutions from Africa be transported to main street North America, where there are approximately 60 million people unbanked or under-banked?

Mobile banking will continue to grow next year across multiple fronts. Not only will more banks jump into mobile with optimized sites and applications, but financial institutions will also build on their existing mobile programs with a variety of new services.