diff --git a/Lib/ensurepip/__init__.py b/Lib/ensurepip/__init__.py
index 2ac872c25c897c..a7c8457238276b 100644
--- a/Lib/ensurepip/__init__.py
+++ b/Lib/ensurepip/__init__.py
@@ -10,7 +10,7 @@
 
 __all__ = ["version", "bootstrap"]
 _PACKAGE_NAMES = ('pip',)
-_PIP_VERSION = "24.0"
+_PIP_VERSION = "24.2"
 _PROJECTS = [
     ("pip", _PIP_VERSION, "py3"),
 ]
diff --git a/Lib/ensurepip/_bundled/pip-24.0-py3-none-any.whl b/Lib/ensurepip/_bundled/pip-24.0-py3-none-any.whl
deleted file mode 100644
index 2e6aa9d2cb9923..00000000000000
Binary files a/Lib/ensurepip/_bundled/pip-24.0-py3-none-any.whl and /dev/null differ
diff --git a/Lib/ensurepip/_bundled/pip-24.2-py3-none-any.whl b/Lib/ensurepip/_bundled/pip-24.2-py3-none-any.whl
new file mode 100644
index 00000000000000..542cdd1e7284ae
Binary files /dev/null and b/Lib/ensurepip/_bundled/pip-24.2-py3-none-any.whl differ
diff --git a/Misc/NEWS.d/next/Library/2024-08-06-18-07-19.gh-issue-122744.kCzNDI.rst b/Misc/NEWS.d/next/Library/2024-08-06-18-07-19.gh-issue-122744.kCzNDI.rst
new file mode 100644
index 00000000000000..18ac3dd10d6553
--- /dev/null
+++ b/Misc/NEWS.d/next/Library/2024-08-06-18-07-19.gh-issue-122744.kCzNDI.rst
@@ -0,0 +1 @@
+Bump the version of pip bundled in ensurepip to version 24.2.