diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 220e1c5b..2e254c46 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.47.1
+current_version = 0.48.0
 commit = True
 message = Update version {current_version} -> {new_version}
 
diff --git a/README.md b/README.md
index cbf33b74..328ebb48 100644
--- a/README.md
+++ b/README.md
@@ -8,7 +8,7 @@
 [![CLA assistant](https://cla-assistant.io/readme/badge/IBM/platform-services-python-sdk)](https://cla-assistant.io/IBM/platform-services-python-sdk)
 
 
-# IBM Cloud Platform Services Python SDK Version 0.47.1
+# IBM Cloud Platform Services Python SDK Version 0.48.0
 
 Python client library to interact with various 
 [IBM Cloud Platform Service APIs](https://cloud.ibm.com/docs?tab=api-docs&category=platform_services).
diff --git a/ibm_platform_services/version.py b/ibm_platform_services/version.py
index def6c4c2..9c823168 100644
--- a/ibm_platform_services/version.py
+++ b/ibm_platform_services/version.py
@@ -1,4 +1,4 @@
 """
 Version of platform_services
 """
-__version__ = '0.47.1'
+__version__ = '0.48.0'
diff --git a/setup.py b/setup.py
index 503dfe3a..6c5b2f71 100644
--- a/setup.py
+++ b/setup.py
@@ -19,7 +19,7 @@
 import sys
 import pkg_resources
 
-__version__ = '0.47.1'
+__version__ = '0.48.0'
 PACKAGE_NAME = 'ibm_platform_services'
 PACKAGE_DESC = 'Python client library for IBM Cloud Platform Services'