diff --git a/Cargo.toml b/Cargo.toml
index 269066703..cb590440c 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -75,7 +75,7 @@ libc = "0.2"
 uniffi = { version = "0.27.3", features = ["build"], optional = true }
 serde = { version = "1.0.210", default-features = false, features = ["std", "derive"] }
 serde_json = { version = "1.0.128", default-features = false, features = ["std"] }
-payjoin = { version = "0.16.0", default-features = false, features = ["send", "v2"] }
+payjoin = { version = "0.20.0", default-features = false, features = ["send", "v2"] }
 
 vss-client = "0.3"
 prost = { version = "0.11.6", default-features = false}
@@ -90,7 +90,7 @@ electrum-client = { version = "0.21.0", default-features = true }
 bitcoincore-rpc = { version = "0.19.0", default-features = false }
 proptest = "1.0.0"
 regex = "1.5.6"
-payjoin = { version = "0.16.0", default-features = false, features = ["send", "v2", "receive"] }
+payjoin = { version = "0.20.0", default-features = false, features = ["send", "v2", "receive"] }
 reqwest = { version = "0.11", default-features = false, features = ["json", "rustls-tls", "blocking"] }
 
 [target.'cfg(not(no_download))'.dev-dependencies]