By  on April 7, 2015

ZURICH, April 7 — Swiss army knife maker Victorinox plans to 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, while Tag Heuer, French luxury group LVMH’s biggest watch maker, will launch a smartwatch later this year to compete with the Apple Watch.

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