diff --git a/composer.json b/composer.json
index ed722eed185..998992b96dd 100644
--- a/composer.json
+++ b/composer.json
@@ -1,7 +1,7 @@
 {
   "name": "mollie/magento2",
   "description": "Mollie Payment Module for Magento 2",
-  "version": "2.39.0",
+  "version": "2.40.0",
   "keywords": [
     "mollie",
     "payment",
diff --git a/etc/config.xml b/etc/config.xml
index a2a405631b4..acd17bef5d6 100644
--- a/etc/config.xml
+++ b/etc/config.xml
@@ -8,7 +8,7 @@
     <default>
         <payment>
             <mollie_general>
-                <version>v2.39.0</version>
+                <version>v2.40.0</version>
                 <active>0</active>
                 <enabled>0</enabled>
                 <type>test</type>