Speaking on the development, IPL Chairman Rajeev Shukla said: "Paytm are presently the title sponsors of India Cricket and the relationship has now been extended to the IPL. Both Paytm and BCCI share a strong bond and we will continue to provide great value to Paytm."
Vijay Shekhar Sharma, Founder and CEO of Paytm, said: "We are delighted to be the IPL umpire partner for the next five years. Cricket has been a key element in Paytm's brand journey and it has worked brilliantly for our young brand."
"We had a great relationship with the BCCI, and our investment in IPL further reaffirms our commitment to this wonderful sport," he added.