Paytm: Payment Bank Launch on 23rd May. Friends our Favorite site Paytm is going to convert in Paytm Payment Bank Launch on 23rd May 2017. So if you have not Paytm Account then Sign Up now for free. After converting your Paytm Account to Paytm Payment Bank. You need to complete your KYC. the company will transfer its wallet business to the newly incorporated payments bank entity under a payments bank licence awarded to Founder and CEO Vijay Shekhar Sharma.