diff --git a/.version b/.version
index 368fd8fd..971ecb25 100644
--- a/.version
+++ b/.version
@@ -1 +1 @@
-7.15.0
+7.16.0
diff --git a/CHANGELOG.latest.md b/CHANGELOG.latest.md
index 21487b6a..6ddc1e61 100644
--- a/CHANGELOG.latest.md
+++ b/CHANGELOG.latest.md
@@ -1,26 +1,10 @@
-### New Features
-* 📱 Initial support for cross-platform RevenueCat Paywalls 🐾 🧱  (#837)
-
-### Instructions:
-- Update your `package.json` to include `react-native-purchases-ui`:
-```json
-{
-  "dependencies": {
-    "react-native-purchases": "7.15.0",
-    "react-native-purchases-ui": "7.15.0"
-  }
-}
-```
-
-### Usage:
-```javascript
-import RevenueCatUI, { PAYWALL_RESULT } from "../react-native-purchases-ui";
-
-async function presentPaywallIfNeeded() {
-    const paywallResult: PAYWALL_RESULT = await RevenueCatUI.presentPaywallIfNeeded({
-        requiredEntitlementIdentifier: "pro"
-    });
-}
-```
-
-You can find more information in [our documentation](https://www.revenuecat.com/docs/displaying-paywalls#react-native).
\ No newline at end of file
+### RevenueCatUI
+* Add `displayCloseButton` parameters to functions (#842) via Cesar de la Vega (@vegaro)
+### Dependency Updates
+* Updates purchases-hybrid-common to 8.11.1 (#849) via RevenueCat Git Bot (@RCGitBot)
+  * [Android 7.3.5](https://github.com/RevenueCat/purchases-android/releases/tag/7.3.5)
+  * [Android 7.3.4](https://github.com/RevenueCat/purchases-android/releases/tag/7.3.4)
+  * [iOS 4.32.0](https://github.com/RevenueCat/purchases-ios/releases/tag/4.32.0)
+### Other Changes
+* Use parameter instead of multiple commands to install yarn dependencies (#843) via Toni Rico (@tonidero)
+* Separate yarn caches by machine type (#841) via Toni Rico (@tonidero)
diff --git a/CHANGELOG.md b/CHANGELOG.md
index bf630c2d..fd36dc45 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,15 @@
+## 7.16.0
+### RevenueCatUI
+* Add `displayCloseButton` parameters to functions (#842) via Cesar de la Vega (@vegaro)
+### Dependency Updates
+* Updates purchases-hybrid-common to 8.11.1 (#849) via RevenueCat Git Bot (@RCGitBot)
+  * [Android 7.3.5](https://github.com/RevenueCat/purchases-android/releases/tag/7.3.5)
+  * [Android 7.3.4](https://github.com/RevenueCat/purchases-android/releases/tag/7.3.4)
+  * [iOS 4.32.0](https://github.com/RevenueCat/purchases-ios/releases/tag/4.32.0)
+### Other Changes
+* Use parameter instead of multiple commands to install yarn dependencies (#843) via Toni Rico (@tonidero)
+* Separate yarn caches by machine type (#841) via Toni Rico (@tonidero)
+
 ## 7.15.0
 ### New Features
 * 📱 Initial support for cross-platform RevenueCat Paywalls 🐾 🧱  (#837)
diff --git a/android/build.gradle b/android/build.gradle
index 376e8a50..45ddc469 100644
--- a/android/build.gradle
+++ b/android/build.gradle
@@ -29,7 +29,7 @@ android {
         minSdkVersion getExtOrIntegerDefault('minSdkVersion')
         targetSdkVersion getExtOrIntegerDefault('targetSdkVersion')
         versionCode 1
-        versionName '7.15.0'
+        versionName '7.16.0'
     }
 
     buildTypes {
diff --git a/android/src/main/java/com/revenuecat/purchases/react/RNPurchasesModule.java b/android/src/main/java/com/revenuecat/purchases/react/RNPurchasesModule.java
index 6491b389..e406e0f5 100644
--- a/android/src/main/java/com/revenuecat/purchases/react/RNPurchasesModule.java
+++ b/android/src/main/java/com/revenuecat/purchases/react/RNPurchasesModule.java
@@ -45,7 +45,7 @@ public class RNPurchasesModule extends ReactContextBaseJavaModule implements Upd
     private static final String CUSTOMER_INFO_UPDATED = "Purchases-CustomerInfoUpdated";
     private static final String LOG_HANDLER_EVENT = "Purchases-LogHandlerEvent";
     public static final String PLATFORM_NAME = "react-native";
-    public static final String PLUGIN_VERSION = "7.15.0";
+    public static final String PLUGIN_VERSION = "7.16.0";
 
     private final ReactApplicationContext reactContext;
 
diff --git a/ios/RNPurchases.m b/ios/RNPurchases.m
index 3429c5b2..8b843f86 100644
--- a/ios/RNPurchases.m
+++ b/ios/RNPurchases.m
@@ -472,7 +472,7 @@ - (NSString *)platformFlavor {
 }
 
 - (NSString *)platformFlavorVersion {
-    return @"7.15.0";
+    return @"7.16.0";
 }
 
 @end
diff --git a/package.json b/package.json
index 2368c807..8040f0ef 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "name": "react-native-purchases",
   "title": "React Native Purchases",
-  "version": "7.15.0",
+  "version": "7.16.0",
   "description": "React Native in-app purchases and subscriptions made easy. Supports iOS and Android. ",
   "main": "dist/index.js",
   "types": "dist/index.d.ts",
diff --git a/react-native-purchases-ui/android/build.gradle b/react-native-purchases-ui/android/build.gradle
index 045988fc..7df2e567 100644
--- a/react-native-purchases-ui/android/build.gradle
+++ b/react-native-purchases-ui/android/build.gradle
@@ -59,7 +59,7 @@ android {
     minSdkVersion getExtOrIntegerDefault("minSdkVersion")
     targetSdkVersion getExtOrIntegerDefault("targetSdkVersion")
     versionCode 1
-    versionName '7.15.0'
+    versionName '7.16.0'
   }
 
   buildTypes {
diff --git a/react-native-purchases-ui/package.json b/react-native-purchases-ui/package.json
index f547df48..4a5811f5 100644
--- a/react-native-purchases-ui/package.json
+++ b/react-native-purchases-ui/package.json
@@ -1,7 +1,7 @@
 {
   "name": "react-native-purchases-ui",
   "title": "React Native Purchases UI",
-  "version": "7.15.0",
+  "version": "7.16.0",
   "description": "React Native in-app purchases and subscriptions made easy. Supports iOS and Android.",
   "main": "lib/commonjs/index",
   "module": "lib/module/index",
@@ -112,6 +112,6 @@
   },
   "dependencies": {
     "@revenuecat/purchases-typescript-internal": "8.10.1",
-    "react-native-purchases": "7.15.0"
+    "react-native-purchases": "7.16.0"
   }
 }
diff --git a/scripts/docs/index.html b/scripts/docs/index.html
index 784d7db6..ffe77354 100644
--- a/scripts/docs/index.html
+++ b/scripts/docs/index.html
@@ -2,7 +2,7 @@
 <!DOCTYPE html>
 <html>
 <head>
-	<meta http-equiv="refresh" content="0; url=https://revenuecat.github.io/react-native-purchases-docs/7.15.0/" />
+	<meta http-equiv="refresh" content="0; url=https://revenuecat.github.io/react-native-purchases-docs/7.16.0/" />
 </head>
 <body>
 </body>
diff --git a/yarn.lock b/yarn.lock
index 64d595d0..f3c5fcf1 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -12572,7 +12572,7 @@ __metadata:
     react: 18.2.0
     react-native: 0.73.1
     react-native-builder-bob: ^0.20.0
-    react-native-purchases: 7.15.0
+    react-native-purchases: 7.16.0
     ts-jest: ^24.1.0
     tslint: ^5.20.0
     tslint-config-prettier: ^1.18.0
@@ -12584,7 +12584,7 @@ __metadata:
   languageName: unknown
   linkType: soft
 
-"react-native-purchases@7.15.0, react-native-purchases@workspace:.":
+"react-native-purchases@7.16.0, react-native-purchases@workspace:.":
   version: 0.0.0-use.local
   resolution: "react-native-purchases@workspace:."
   dependencies: