Apple's innovative Apple Pay platform gives consumers a solid idea what the banking industry will look like in 25 years, MasterCard CEO Ajay Banga told "Mad Money" host Jim Cramer.

The manner in which consumers shop will change dramatically over the next 25 years, and "technology will transform the [banking] sector. It's happening as we speak," Banga said. "Anybody who procrastinates in that place will lose."

While Apple isn't the first firm to try to capitalize on mobile payments, Banga said Apple is strategically looking "at what consumers want to do with their devices" and addressing their needs with Apple Pay.

----------------------------------------------------------
Read more from Mad Money with Jim Cramer
Marathon CEO to Cramer: 'Low oil is a good thing'
Cramer Remix: What the election means for your money
Cramer: Republican victory adds up in the market
----------------------------------------------------------

"[A] supercomputer in your pocket, combined with the freedom of data on the Internet, is a whole new gain for consumers. That's what Apple and others are tapping in to," Banga added. "The Samsung Galaxy S5 has the computing power of two and a half times of the computer that took Apollo 11 to the moon."

Notably, Banga sees cybersecurity as a lingering concern, but he expects it will improve over the years as more platforms move toward biometrics and away from traditional passwords.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com