diff --git a/README.md b/README.md
index c34dcc0a8..13981a3ab 100644
--- a/README.md
+++ b/README.md
@@ -4,7 +4,7 @@
 
 This is the officially supported PHP library for using Adyen's APIs.
 
-[![version](https://img.shields.io/badge/version-16.0.0-blue.svg)](https://docs.adyen.com/development-resources/libraries)
+[![version](https://img.shields.io/badge/version-16.0.1-blue.svg)](https://docs.adyen.com/development-resources/libraries)
 
 ## Supported API versions
 The library supports all APIs under the following services:
diff --git a/VERSION b/VERSION
index 946789e61..7141108f1 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-16.0.0
+16.0.1
diff --git a/src/Adyen/Client.php b/src/Adyen/Client.php
index 3b3d61dbf..7b97cd8ca 100644
--- a/src/Adyen/Client.php
+++ b/src/Adyen/Client.php
@@ -7,7 +7,7 @@
 
 class Client
 {
-    const LIB_VERSION = "16.0.0";
+    const LIB_VERSION = "16.0.1";
     const LIB_NAME = "adyen-php-api-library";
     const USER_AGENT_SUFFIX = "adyen-php-api-library/";
     const ENDPOINT_TEST = "https://pal-test.adyen.com";