diff --git a/lib/version.py b/lib/version.py
index 60d5af42a..5fdbc63f3 100644
--- a/lib/version.py
+++ b/lib/version.py
@@ -1,6 +1,6 @@
-ELECTRUM_VERSION = '3.2.0'   # version of the client package
+ELECTRUM_VERSION = '3.2.1'   # version of the client package
 PROTOCOL_VERSION = '1.2'     # protocol version requested
-APK_VERSION = '3.2.0.0'      # read by buildozer.spec
+APK_VERSION = '3.2.1.0'      # read by buildozer.spec
 
 # The hash of the mnemonic seed must begin with this
 SEED_PREFIX      = '01'      # Standard wallet