The operations of non-bank PSOs (authorised to operate any Payment System) have been reviewed and they shall require prior approval of RBI in the following cases –
Takeover / Acquisition of control, which may / may not result in change of management.
Sale / Transfer of payment activity to an entity not authorised for undertaking similar activity
The non-bank PSOs shall inform RBI within 15 calendar days in the following cases
Change in management / directors.
Sale / Transfer of payment activity to an entity authorised for undertaking similar activity.
For further : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12348&Mode=0