diff --git a/CashAppPayKit.podspec b/CashAppPayKit.podspec
index 012b8b9..3e5a2d9 100644
--- a/CashAppPayKit.podspec
+++ b/CashAppPayKit.podspec
@@ -1,6 +1,6 @@
 Pod::Spec.new do |s|
     s.name         = 'CashAppPayKit'
-    s.version      = '0.4.1'
+    s.version      = '0.5.0'
     s.summary      = 'PayKit iOS SDK'
     s.homepage     = 'https://github.com/cashapp/cash-app-pay-ios-sdk'
     s.license      = 'Apache License, Version 2.0'
@@ -9,7 +9,7 @@ Pod::Spec.new do |s|
     s.module_name = 'PayKit'
 
     s.swift_version = ['5.0']
-    s.ios.deployment_target = '11.0'
+    s.ios.deployment_target = '12.0'
 
     s.source_files = 'Sources/PayKit/**/*.swift'
 
diff --git a/CashAppPayKitUI.podspec b/CashAppPayKitUI.podspec
index deac82d..7ca22f7 100644
--- a/CashAppPayKitUI.podspec
+++ b/CashAppPayKitUI.podspec
@@ -1,6 +1,6 @@
 Pod::Spec.new do |s|
     s.name         = 'CashAppPayKitUI'
-    s.version      = "0.4.1"
+    s.version      = "0.5.0"
     s.summary      = 'UI components for the PayKit iOS SDK'
     s.homepage     = 'https://github.com/cashapp/cash-app-pay-ios-sdk'
     s.license      = 'Apache License, Version 2.0'
@@ -8,7 +8,7 @@ Pod::Spec.new do |s|
     s.source       = { :git => 'https://github.com/cashapp/cash-app-pay-ios-sdk.git', :tag => "v#{s.version}" }
     s.module_name = 'PayKitUI'
 
-    ios_deployment_target = '11.0'
+    ios_deployment_target = '12.0'
 
     s.swift_version = ['5.0']
     s.ios.deployment_target = ios_deployment_target
diff --git a/Package.swift b/Package.swift
index 251d174..0a9b7f6 100644
--- a/Package.swift
+++ b/Package.swift
@@ -5,8 +5,8 @@ let package = Package(
     name: "PayKit",
     defaultLocalization: "en",
     platforms: [
-        .iOS(.v11),
-        .macOS(.v12),
+        .iOS(.v12),
+        .macOS(.v10_13),
         ],
     products: [
         .library(
diff --git a/RELEASE-NOTES.md b/RELEASE-NOTES.md
index 9da7ebd..5b85aa5 100644
--- a/RELEASE-NOTES.md
+++ b/RELEASE-NOTES.md
@@ -1,3 +1,13 @@
+## PayKit 0.5.0 Release Notes
+
+Pay Kit 0.5.0 supports iOS and requires Xcode 11 or later. The minimum supported Base SDK is 12.0.
+
+Pay Kit 0.5.0 includes the following new features and enhancements.
+
+- **Dropped Support for iOS 11**
+
+   Increased the minimum supported iOS version to 12.
+
 ## PayKit 0.4.1 Release Notes
 
 Pay Kit 0.4.1 supports iOS and requires Xcode 9 or later. The minimum supported Base SDK is 11.0.
diff --git a/Sources/PayKit/CashAppPay.swift b/Sources/PayKit/CashAppPay.swift
index 543abbf..1c4acaf 100644
--- a/Sources/PayKit/CashAppPay.swift
+++ b/Sources/PayKit/CashAppPay.swift
@@ -19,7 +19,7 @@ import UIKit
 
 public class CashAppPay {
 
-    public static let version = "0.4.1"
+    public static let version = "0.5.0"
 
     public static let RedirectNotification: Notification.Name = Notification.Name("CashAppPayRedirect")