Archive · 12 Jun 2025
ZOOP's eStamping Platform Digitizes India's Lending Process
In India, important documents need a stamp to be valid.
This can slow down getting loans because the old system uses paper and rubber stamps.
ZOOP created a digital solution called eStamping.
It helps businesses, like those giving out vehicle loans, get the needed stamps quickly and easily online.
The eStamping platform meets all legal requirements, allowing faster access to funds for people needing loans.
Indian Stamp Act requires documents to be stamped for enforceability.
Paper-heavy processes slow down funding delivery.
ZOOP developed an eStamping platform.
The platform is a legally compliant digital layer.
NBFCs can generate digitally signed e-stamp certificates using the platform.
- Who
- ZOOP created the eStamping platform for lenders and NBFCs.
- What
- ZOOP's eStamping platform solves the problem of slow document processing.
- When
- Post-pandemic, in regions that still rely on paper-based processes.
- Where
- India, impacting lending for vehicle loans and microcredit.
- Why
- To speed up lending by digitizing the stamping process and overcoming bottlenecks.
- Legal Requirement
- Documents need stamping under India's Stamp Act
- Problem
- Paper-heavy processes slow down funding
- Solution
- ZOOP's eStamping platform
- Platform Type
- Third-party, legally compliant digital layer
- Users
- NBFCs (Non-Banking Financial Companies)
- Benefit
- Faster access to funds