Today in the Connected Economy: Dish Taps Samsung for 5G Products

connected economy

Today in the connected economy, Samsung makes a deal with Dish to sell equipment for its soon-to-launch American 5G network.

Also, restaurant software firm Toast launches a tool for hotel restaurants, and Paysafe expands its ongoing partnership with Visa.

Samsung Agrees to Supply Dish Network 5G Equipment

Samsung has inked a multi-year deal to sell equipment to Dish for its American 5G network, marking one of the Korean cellphone maker’s largest radio deals since it landed a contract with Verizon in 2020.

“This is a greater than a billion-dollar agreement for Samsung Networks,” Alok Shah, vice president at Samsung, said in an interview with Reuters. “We will be delivering our first products to Dish later this year.”

Dish has not yet launched the network, but pledged to regulators it would have 20% of the U.S. population covered by June, and at least 70% covered by the middle of 2023.

Toast Unveils Tool for Hotel Restaurants

Restaurant software provider Toast has debuted Toast for Hotel Restaurants, an offering that integrates with hotel property management systems to help hotel restaurants function more smoothly and improve payments.

“Hotels are adding more curated food and beverage experiences, but they often lack the ability to let guests order and pay on their own terms across hotel properties,” said Aman Narang, president and co-founder of Toast.

The company argues that many hotels and resorts are working with disconnected technology to manage crucial front office tasks such as check-in and check-out, billing, and on-site food and beverage orders.

Paysafe Further Collabs With Visa Direct on Real-Time Payments

Payments platform Paysafe is strengthening its relationship with Visa to continue the integration of the real-time push payments solution Visa Direct.

The company said it will offer Visa Direct to merchants, exchanges, operators and other online businesses in the U.K. and Europe when speed of settlement is critical, such as with FX trading, cryptocurrency or online gaming.

ThetaRay Partners with Qolo to Fight Financial Crime

AI-powered cybersecurity firm ThetaRay has joined forces with omnichannel B2B payments startup Qolo to ferret out and prevent financial crimes through Qolo’s curated payment services.

The agreement will see Qolo integrate ThetaRay’s SONAR anti-money laundering (AML) SaaS solution to monitor transactions such as worker disbursements and multi-currency business processing for new and existing clients.