KIBS

What KIBS does

KIBS AD Skopje (Klirinška kuća Kliring interbankarski sistemi), founded in 2001 and headquartered in Skopje, is the licensed payment system operator for interbank payments in North Macedonia, owned by a consortium of Macedonian banks. The company operates the national clearing infrastructure (KIBS-Kliring) for multilateral netting and settlement among all 14 domestic banks and government treasury entities, and maintains the Unified Register of Transaction Accounts (ERTS) covering 3.8 million active accounts. As of 2025, KIBS processes approximately 25.6 million transactions annually across this network.

The product portfolio spans four layers: (1) core payment system services — clearing, ERTS, account blocking/deblocking (KIBS-Blokada), and the newly licensed KIBS Instant for 24/7 real-time payments; (2) government payment services — KIBS-INAP for integrated salary and personal tax collection, KIBS-NAPS for utility and property tax bill collection, KIBS-RDO for tax obligation data exchange with the Public Revenue Office, KACheck for account verification, and Central Registry data exchange (CR100-CR500); (3) digital trust services under the KIBSTrust brand — qualified e-signature and e-seal certificates, TLS/SSL and code signing, time stamping (Momentum), SignPlus portal, IDCheck, and the OneID electronic identification service operated in partnership with Nextsense; and (4) ICT services — Info Gateway (SMS/Viber/email messaging), KIBS PaaS (managed cloud platform), and the PSD2 API Hub for open banking. The platform is certified under ISO 9001:2015, 27001:2022, 20000-1:2018, 22301:2019, and 27701:2019, and operates as a qualified trust service provider under EU eIDAS and Macedonian MK-eIDAS.

KIBS generates revenue through a mix of transaction fees (clearing, payment services), annual and per-certificate subscription fees (ERTS access, KIBSTrust digital certificates, ICT services), and tariff-governed fees disclosed only to participants. Distribution is direct B2B to banks, fintechs, and government entities, augmented by integrations with the Public Revenue Office, Central Registry, and the National Bank (NBRM) as settlement agent and licensing authority. The company holds no external parent or VC backing, is privately held by the bank consortium, and wholly owns the Macedonian Credit Bureau (Makedonsko Kreditno Biro).

Name

KIBS

Legal name

Клириншка куќа Клириншки интербанкарски системи АД Скопје

Website

https://kibs.mk

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

KIBS AD Skopje is the licensed payment system operator for interbank clearing and the national Unified Register of Transaction Accounts (ERTS) in North Macedonia, serving all 14 domestic banks, government treasuries, fintechs, and the public sector with clearing, digital trust (KIBSTrust/OneID), and open banking services.

Ownership category

akta.pro rank

Product category

Payment Systems and Digital Trust Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH)

Keywords

• Payment clearing services
• Interbank settlement systems
• Digital trust services
• Qualified electronic certificates
• Open banking infrastructure

Headquarters

HQ city

Skopje

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Payment System Transaction Fees: KIBS charges transaction fees for clearing and settlement services through the KIBS-Kliring system, which handles interbank payment transactions. Fees are regulated under the company's tariff rules.
2. Digital Trust Services (KIBSTrust): Annual and per-certificate fees for qualified digital certificates for electronic signatures, electronic seals, TLS/SSL certificates, code signing, time stamping, and Sign Plus portal services. Revenue from digital identity (OneID) as part of the KIBSTrust brand.
3. ICT Services (Info Gateway, PaaS): Fees for SMS, Viber and email messaging services via Info Gateway; fees for platform-as-a-service (PaaS) infrastructure hosting; fees for open banking PSD2 API Hub access.
4. Payment Services (INAP, NAPS, KACheck, RDO): Fees for integrated salary collection (INAP), bill collection (NAPS), account verification (KACheck), and tax obligation data exchange (RDO) services.
5. ERTS Annual Fees: Fees for maintaining and accessing the Unique Register of Transaction Accounts (ERTS), which held 3,821,223 active accounts in 2025.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

KIBS is the licensed payment system operator of North Macedonia, providing interbank clearing and settlement (KIBS-Kliring), the Unified Register of Transaction Accounts (KIBS-ERTS), account blocking services, and instant payments for banks and treasury entities. In parallel, KIBS operates as a Qualified Trust Service Provider under EU eIDAS, issuing qualified digital certificates for electronic signatures and seals, running the OneID electronic identification scheme, and offering time stamping through the KIBSTrust brand. The company also delivers ICT services including an open banking PSD2 API Hub, a managed PaaS cloud platform, and an omnichannel messaging gateway.

Product overview

KIBS (Клириншка куќа КИБС АД Скопје) is a payment system operator and Qualified Trust Service Provider offering a multi-layered portfolio of financial infrastructure services and digital trust products. The core payment system services include KIBS-Clearing (multilateral netting and settlement), ERTS (Unified Register of Transaction Accounts), KIBS-Blockade (account blocking/unblocking), and the newly launched KIBS Instant Payments (24/7 real-time fund transfers). Adjacent payment services comprise KIBS-INAP (integrated salary and tax collection), KIBS-NAPS (bill collection), KACheck (account data verification), KIBS-RDO (tax obligations data exchange), and Central Registry data exchange services (CR100–CR500). The KIBSTrust sub-brand (active since 2002) delivers digital trust services including OneID electronic identification, qualified e-signature and e-seal certificates, TLS/SSL and code signing certificates, SignPlus portal, time stamping (Momentum), and IDCheck identity verification. IK services include Info Gateway (omnichannel SMS/Viber/email messaging), KIBS PaaS (managed cloud platform), and the PSD2 API Hub for open banking. The company has been operating for over 20 years.

Differentiator

Problem solved

Functional benefit

Brands

• KIBSTrust: Digital trust services brand of KIBS, providing qualified certificates for electronic signatures, electronic seals, TLS/SSL certificates, code signing, time stamping, and identity verification services, registered as a Qualified Trust Service Provider under EU eIDAS regulation.
• OneID
• KIBS-ERTS
• KIBS-Instant
• KACheck
• PSD2 API Hub (Платформа за отворено банкарство)

Products and services

• KIBS-Clearing (КИБС-Клиринг)
• KIBS-ERTS (Unified Register of Transaction Accounts)
• KIBS-Blockade (КИБС-Блокада)

Quantifiable outcome

• 25,613,336 annual transactions processed in 2025
• +2 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature12 records

Partnerships

13 partnerships are on record, tiered core and minor.

• Government of the Republic of North MacedoniacoreStrategic or Co-development Partner · 1 May 2024In May 2024, a Memorandum of Cooperation was signed between KIBS and the Government of the Republic of North Macedonia in the area of digital transformation, covering public administration digital services.
• Faculty of Pedagogy, University of Ss. Cyril and Methodius (UKIM)minorOthers · 1 April 2024In April 2024, KIBS made a donation to the Faculty of Pedagogy at UKIM (State University of Macedonia), supporting educational institutions.
• Berlin GroupcoreStrategic or Co-development Partner · 1 May 2021KIBS joined Berlin Group in May 2021, contributing to open finance standardization efforts. Berlin Group is a European standardization body developing open finance and open banking specifications.
• NextsensecoreStrategic or Co-development PartnerKIBS partnered with Nextsense to launch OneID, the first Macedonian electronic identification service. OneID was developed and certified in accordance with European eIDAS standards and Macedonian Law on Electronic Documents, Electronic Identification and Trust Services. This partnership opened a new chapter in the digitalization of processes for citizens and legal entities in the country.
• EACHA (European Automated Clearing House Association)coreOthersKIBS is an active member of EACHA. In January 2024, KIBS hosted the EACHA Innovation Group (EIG) meeting. In May 2026, KIBS organized the EACHA Annual Conference in Skopje, demonstrating its leadership role in the European payments ecosystem.
• National Bank of the Republic of North Macedonia (NBRSM)coreOthersNBRSM serves as the settlement agent (Агент за порамнување) for the KIBS payment system and as the national competent authority for licensing KIBS as a payment system operator and for instant payment operations.
• Macedonian Banking Association (MBA)coreOthersKIBS participates in the MBA and contributes articles to the MBA quarterly e-newsletter. MBA provides a platform for sharing strategic vision on payments and digital transformation in Macedonia.
• European Payments Council (EPC)minorOthersKIBS maintains links with the European Payments Council for alignment with European payment standards and SEPA regulations.
• European Banking Association (EBA)minorOthersKIBS maintains membership links with the European Banking Association for payment system coordination.
• European Central Bank - BISminorOthersKIBS maintains institutional links with the Bank for International Settlements (BIS) for international payment system best practices.
• Central Registry of the Republic of North MacedoniacoreTechnology or IntegrationKIBS provides data exchange services (CR100, CR200, CR300, CR400, CR500) with the Central Registry for account opening, bankruptcy procedures, account blocks over 45 days, discrepancies, and current account status updates.
• Public Revenue Office (UJP)coreTechnology or IntegrationKIBS exchanges salary and personal tax data (INAP) and tax obligation data (RDO) with the Public Revenue Office for integrated salary collection and tax data exchange services.
• Macedonian Chamber of CommerceminorOthersKIBS maintains membership in the Macedonian Chamber of Commerce (Стопанска комора) as part of its institutional participation.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Salt Edge: Open banking API provider covering European and CIS banks under PSD2. Comparable in scope and operating model to KIBS's PSD2 API Hub for connecting banks and fintechs through regulated APIs.
• TrueLayer: UK-based open banking API platform enabling account information and payment initiation services between banks and fintechs. Similar operating model to KIBS's PSD2 API Hub, serving as a regulated intermediary layer.

Regional players

• Centralni klirinški depot (CKD): Slovenian central securities clearing and depository operator. Comparable as a regional clearing infrastructure operator under the Western Balkan / former-Yugoslav financial ecosystem, though focused on securities rather than payments.
• Fincode (National Settlement and Depository Corporation, ish): Slovak Banking Association operated or related clearing infrastructure for the Slovak market. Comparable as a small European market, EU-aligned domestic clearing operator to KIBS's positioning in North Macedonia.

Direct peers

• Bankart: Slovenian national payment processor and ATM/POS services operator, owned by Slovenian banks. Closest geographic and structural analogue to KIBS as a bank-consortium-owned domestic clearing and card processor in a small Western-leaning economy.
• EBA Clearing: Pan-European clearing house operating EURO1 and STEP2, serving as infrastructure for retail and wholesale euro payments across European banks. Comparable clearing-house business model; broader geographic mandate.
• InfoCert: Italian and pan-European qualified trust service provider under eIDAS, issuing digital signatures, e-seals, and e-identification certificates. Directly comparable to KIBSTrust for the European qualified trust services product line.
• Pay.UK: UK retail payments operator (formerly Vocalink) running the BACS, Faster Payments, and cheque schemes. Direct peer as a national ACH operator serving multiple bank participants with regulated clearing and settlement services.

Broad incumbents

• GlobalSign: Global provider of TLS/SSL, digital signature, and eIDAS-qualified certificates with a strong European footprint. Comparable to KIBSTrust's certificate portfolio but at significantly larger scale and broader geography.
• NPCI (National Payments Corporation of India): Indian umbrella organization operating UPI, IMPS, NACH and other retail payment/clearing rails. Same fundamental business of operating national clearing and instant payment infrastructure for a bank-owned entity, but at vastly greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=P64k8_Fv9O8
• LinkedInlinkedin.com/company/kibs-ad

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KIBS