diff --git a/PowerAuth2.podspec b/PowerAuth2.podspec
index d48d7656..9d939e62 100644
--- a/PowerAuth2.podspec
+++ b/PowerAuth2.podspec
@@ -1,7 +1,7 @@
 Pod::Spec.new do |s|
 	# General information
 	s.name				    	= 'PowerAuth2'
-	s.version				    = '0.15.0'
+	s.version				    = '0.16.0'
 	s.summary				    = 'PowerAuth 2.0 Mobile SDK for iOS.'
 	s.homepage    		  = 'https://powerauth.com'
 	s.social_media_url  = 'https://twitter.com/lime_company'
diff --git a/proj-android/PowerAuthLibrary/gradle.properties b/proj-android/PowerAuthLibrary/gradle.properties
index 9b36e69e..77116d74 100644
--- a/proj-android/PowerAuthLibrary/gradle.properties
+++ b/proj-android/PowerAuthLibrary/gradle.properties
@@ -1,3 +1,3 @@
-VERSION_NAME=0.15.1
+VERSION_NAME=0.16.0
 GROUP_ID=io.getlime.security.powerauth
 ARTIFACT_ID=powerauth-android-sdk