diff --git a/CHANGELOG.md b/CHANGELOG.md
index cc1544257..df6de0eb6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,23 @@
 # Changelog
 
+## 16.2.0 - 2024-10-29
+* [#1772](https://github.com/stripe/stripe-php/pull/1772) Update generated code
+  * Add support for new resource `V2.EventDestinations`
+  * Add support for `create`, `retrieve`, `update`, `list`, `delete`, `disable`, `enable` and `ping` methods on resource `V2.EventDestinations`
+  * Add support for `submit_card` test helper method on resource `Issuing.Card`
+  * Add support for `groups` on `Account`
+  * Add support for `enhanced_eligibility_types` on `Dispute`
+  * Add support for new values `issuing_transaction.purchase_details_receipt_updated` and `refund.failed` on enum `Event.type`
+  * Add support for `metadata` on `Forwarding.Request`
+  * Add support for new value `alma` on enum `PaymentLink.payment_method_types[]`
+  * Add support for `alma` on `PaymentMethodConfiguration` and `PaymentMethod`
+  * Add support for `kakao_pay`, `kr_card`, `naver_pay`, `payco`, and `samsung_pay` on `PaymentMethod`
+  * Add support for new values `alma`, `kakao_pay`, `kr_card`, `naver_pay`, `payco`, and `samsung_pay` on enum `PaymentMethod.type`
+  * Add support for `amazon_pay` on `PaymentMethodDomain`
+  * Add support for new values `by_tin`, `ma_vat`, `md_vat`, `tz_vat`, `uz_tin`, and `uz_vat` on enum `TaxId.type`
+  * Add support for `flat_amount` and `rate_type` on `TaxRate`
+  * Add support for new value `retail_delivery_fee` on enum `TaxRate.tax_type`
+
 ## 16.1.1 - 2024-10-18
 * [#1775](https://github.com/stripe/stripe-php/pull/1775) Deserialize into correct v2 EventData types
   * Fixes a bug where v2 EventData was not being deserialized into the appropriate type for `V1BillingMeterErrorReportTriggeredEvent` and `V1BillingMeterNoMeterFoundEvent`
diff --git a/VERSION b/VERSION
index 1afe54c7b..fd1bd70b7 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-16.1.1
+16.2.0
diff --git a/lib/Stripe.php b/lib/Stripe.php
index 5d89324bb..b22d0b1d1 100644
--- a/lib/Stripe.php
+++ b/lib/Stripe.php
@@ -64,7 +64,7 @@ class Stripe
     /** @var float Initial delay between retries, in seconds */
     private static $initialNetworkRetryDelay = 0.5;
 
-    const VERSION = '16.1.1';
+    const VERSION = '16.2.0';
 
     /**
      * @return string the API key used for requests