The Smart Wallet is the new trend in the market. Comparing this Smart wallet with the ordinary wallet which is available in the market, Smart wallet has many features. We all forget our wallet at public places or at railway station or airport. So by using this wallet we can overcome the disadvantages of the ordinary wallet. By using smart wallet we can trace the location of the wallet,click the pictures of the theft and many more.The smart wallet can do all the thing that the usual dumb wallet does, however it does include other features like mobile charging, anti-theft protection, etc. Smart wallet consists of three main components i.e. GPS module for tracking ,Distance alarm system using Bluetooth, Hidden camera for taking pictures and GSM module .So GPS module in smart wallet is basically used to track the current location of the user .Distance alarm system using Bluetooth is used to locate the smart wallet if the user forgets the smart wallet in distance of 10m. Hidden camera is used to take pictures of suspicious person or a location. GSM module is used to send pictures taken by hidden camera to number registered in GSM module. We initialize Smart Wallet system by making power supply unit on which provide 12v and 5v supply to all the modules in the system. Initially we have to pair our wallet with our mobile unit with the help of Bluetooth module. If we lose or forget the wallet, and as we move beyond distance of 10m then the alarm in the mobile unit will indicate that we have lost our wallet at the last place and immediately the wallet will enter in lost mode. The GPS module traces the location of the wallet and sends the live coordinates of the wallet to mobile unit with help of GSM module when the wallet is in the lost Mode. The GSM module is used to coordinate with the mobile unit and send alert messages to the Mobile unit. Camera module is used to take the pictures of the theft when the thief tries to open the wallet. The captured images of the thief would be sent to mobile unit with help of Wi-Fi Ethernet Shield module and BVCAM application is used to display all the images captured by camera module.