For decades, stamp paper has quietly slowed down India’s lending industry. From crowded vendor counters to sluggish state portals, the process of obtaining legally required stamp duties often delayed loan disbursements by days. Today, ZOOP, a digital workflow innovator, announces the success of its manual-to-digital eStamping platform, cutting stamp procurement time by over 90%—ZOOP has cut the wait from two days to under two hours.
Why stamps matter
Under India’s Stamp Act, certain documents are unenforceable until stamped. For lenders underwriting vehicle loans or microcredit, this means every deal stalls until paperwork is rubber-stamped—literally. Even post-pandemic, many regions cling to paper-heavy processes, slowing the delivery of critical funds to entrepreneurs, small businesses, and salaried workers alike.
Innovating solutions for unseen problems
ZOOP’s eStamping platform solves this with a third-party, legally compliant digital layer. It operates independently from government portals, yet meets all statutory requirements. Using a simple dashboard or eStamping API, NBFCs can now generate digitally signed e-stamp certificates without logging into fragmented state systems or chasing local vendors.
Results that speak for themselves
Since launching in late 2024, ZOOP’s platform has delivered:
300,000+ e-stamps issued nationwide
90% reduction in average stamping time (from 48 hours to 1.5 hours)
25% improvement in loan-to-disbursement timelines
“We built this solution to remove friction from one of the most overlooked parts of the lending process. By digitizing stamp procurement without compromising on legality or auditability, we’re helping lenders operate faster and reach farther—especially in underserved regions.”Ritesh Kothari, CEO of ZOOP
Friction in paperwork disproportionately affects borrowers in rural or semi-urban areas—places where physical access to vendors is unreliable, and internet connectivity is patchy. With ZOOP, NBFCs can now complete legally binding agreements remotely, giving first-time borrowers faster access to critical funds.
This aligns with India’s broader fintech evolution, where eKYC, eSign, and now eStamping are forming the backbone of a fully digital credit infrastructure.
A blueprint for global markets
While ZOOP is currently focused on India, its model is drawing attention from industry observers in emerging markets across Southeast Asia and Africa, where paper-heavy legal processes remain a challenge.
This isn’t just about speed, It’s about building trust, transparency, and accessibility into the lending process. If India can digitize stamp duty without waiting for legacy infrastructure to catch up, so can other economies.
As regulators, lenders, and fintech players worldwide seek faster, auditable, and consumer-friendly workflows, ZOOP’s eStamping platform may well serve as a blueprint for the next wave of global digitization in legal documentation.