diff --git a/CHANGELOG.md b/CHANGELOG.md
index 87b95e1..8141e38 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,11 @@
 Changelog
 =========
 
+## 0.16.0 (2024-07-31)
+
+* Only package essential files in gem release.
+* No code changes.
+
 ## 0.15.0 (2023-07-20)
 
 * Updated the `create_single_use_customer_token` method to account for more fields in the response object.
diff --git a/Gemfile.lock b/Gemfile.lock
index 7693c5c..be14224 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: .
   specs:
-    paysafe (0.15.0)
+    paysafe (0.16.0)
       http (>= 4, < 6)
 
 GEM
diff --git a/lib/paysafe/version.rb b/lib/paysafe/version.rb
index 73b1f51..6da8013 100644
--- a/lib/paysafe/version.rb
+++ b/lib/paysafe/version.rb
@@ -1,3 +1,3 @@
 module Paysafe
-  VERSION = "0.15.0"
+  VERSION = "0.16.0"
 end