iBag to track your spending

THE iBag is designed to be a stylish way of keeping shopaholics in check.
It looks like a normal handbag and, to an extent, it is. However, it is a handbag with radio sensor, a GPS tracker and the ability to trigger a physical lockdown, preventing its owner from being able to open it, if need be.

Created by creditcardfinder.com.au, an Australian credit card comparison service, the motivation for launching the iBag is to help people rein in their unnecessary spending and in particular, keep them from accessing their credit cards when they are at “their most vulnerable”.

It uses an RFID tag which tracks and counts every time the purse or wallet is being removed and replaced in the bag; it also uses GPS technology to track when the bag and its owner are in dangerous locations – for example, a shopping mall the week before payday.

If the data the bag is gathering raises a digital red flag, then it can send a text message to a friend or family member and, in extreme cases, automatically enable the bag’s lock during the times of day when the data suggests its owner is most likely to spend money.

RFID halal food

Smartag Solutions Bhd is teaming up with Ningxia Salimy Muslim Commodity Trading Co Ltd (Salimy) to develop China’s international online trade and traceability ecosystem.

The two parties inked a partnership agreement on the project yesterday.

“Smartag has budgeted that the amount to develop the ecosystem will be RMB(renminbi)16mil over a two-year period,” the ACE Market-listed company said in a filing with Bursa Malaysia.
Salimy, which is involved in trading and promoting Ningxia’s local featured goods such as halal food and Muslim products, is a well-respected and trustworthy Ningxia Muslim enterprise that leads the Muslim community there towards international trading, Smartag said in a filing with Bursa Malaysia.

Ningxia is China’s sole Muslim province with a population of 6.4 million, 36% of whom are Muslims.
Smartag said the agreement involved the building of an online e-commerce and traceability platform that allowed companies from all over the world to display halal food and Muslim supplies and trade internationally.

“Companies from all over the world can open virtual store in the e-commerce platform if their products comply with inter- national halal standard. Products listed in the e-commerce platform are traceable by using RFID (radio frequency identification) and 2D Barcode.

“Further to that, the platform offers international financial clearance that eases the trading between China and the rest of the world,” it added.

Smartag said Salimy would be responsible to deal with the local and central government departments on regulations matters and getting provincial government aid/subsidy/grant.

Salimy will also coordinate joint bid project, forming project team and tasks as well as promoting and recruiting merchants to participate in the e-commerce portal

Funding plans for the project include matching fund from the Chinese government.
Smartag is responsible to develop e-commerce portal with traceability, complete client platform software and install servers, and to obtain international halal certification and realisation of international financial settlement green lane.