diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9f309b3..71ea0b6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,10 @@
 # CHANGELOG
 All notable changes to this project will be documented in this file. To know better on how to write and maintain a changelog, refer to [this link](https://keepachangelog.com/en/1.0.0/).
 
+## [3.0.1]
+
+- Updated the underlying Android SDK to version [4.0.1](https://docs.truelayer.com/docs/android-sdk-release-history).
+
 ## [3.0.0]
 
 ### Changed
diff --git a/RNTrueLayerPaymentsSDK/android/build.gradle b/RNTrueLayerPaymentsSDK/android/build.gradle
index f50882f..62361dc 100644
--- a/RNTrueLayerPaymentsSDK/android/build.gradle
+++ b/RNTrueLayerPaymentsSDK/android/build.gradle
@@ -67,5 +67,5 @@ repositories {
 
 dependencies {
   implementation 'com.facebook.react:react-native:+'
-  implementation 'com.truelayer.payments:ui:4.0.0'
+  implementation 'com.truelayer.payments:ui:4.0.1'
 }
diff --git a/RNTrueLayerPaymentsSDK/package.json b/RNTrueLayerPaymentsSDK/package.json
index 4bb3343..c99adcf 100644
--- a/RNTrueLayerPaymentsSDK/package.json
+++ b/RNTrueLayerPaymentsSDK/package.json
@@ -1,6 +1,6 @@
 {
   "name": "rn-truelayer-payments-sdk",
-  "version": "3.0.0",
+  "version": "3.0.1",
   "description": "RN wrapper for TrueLayer's payments SDK",
   "main": "lib/index.js",
   "types": "lib/index.d.ts",