Victorinox, a Swiss army knife maker, is planning unveil its version of a smartwatch by the start of next year, its chief executive said on Tuesday.
Swatch, the world’s largest watchmaker, announced plans last month to put programmable chips in watches so wearers can make payments with a swipe of the wrist.
Elsener, whose great-grandfather Karl founded Victorinox in 1884, told the Aargauer Zeitung the firm would present the new watch at the end of the year or early 2016 at the latest.
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