Qoyod signed a memorandum of understanding with Bank Albilad at Money20/20 Middle East 2026 in Riyadh, to develop financial solutions and services for the business sector, in a step that strengthens technical integration.
The MoU between Qoyod and Bank Albilad was among Qoyod’s agreements at the conference, alongside the partnership with Masdar and the partnership with Yasmina.
What the MoU aims to do
According to Qoyod’s announcement, the MoU aims to:
- Develop financial solutions and services for businesses.
- Strengthen technical integration.
- Widen Qoyod’s partner network.
- Contribute to the Kingdom’s technology and financial development targets.
What an MoU means
An MoU is a framework for cooperation between two parties and does not by itself launch a new service. As of this news date, Qoyod had not announced a specific service resulting from it.
About Money20/20 Middle East
Money20/20 Middle East 2026 ran in Riyadh from 14 to 16 September at the Riyadh Exhibition and Convention Center in Malham. The organisers expected more than 38,000 visitors, 350 exhibitors and over 350 speakers.
About Qoyod
Qoyod is a Saudi cloud accounting system founded by Abdullah AlDayel in 2014. Small and medium businesses in the Kingdom use it to issue e-invoices that meet the requirements of the Zakat, Tax and Customs Authority (ZATCA), manage inventory and point of sale, and follow their financial reports. Qoyod also offers a bookkeeping service for owners who want a specialist accountant to run their books.
