Credit card payments will get better and better

Visa executives predict 2015 will be the year when payments switches from plastic cards to devices like phones, Apple's new watch and other wearables.

MasterCard chief Ajay Banga said while consumers may have to be patient, they will get a better deal in the long run.

Payments will be more functional, contactless and safer thanks to using fingerprints and tokens said Banga.

Source: Australian Financial Review