diff --git a/CHANGELOG.md b/CHANGELOG.md
index 26af609..ec7339a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,16 @@ This projects adheres to [Semantic Versioning](http://semver.org/) and [Keep a C
 ## [Unreleased][unreleased]
 -
 
+## [4.8.1] - 2024-09-27
+
+### Fixed
+
+- Improved updating MemberPress subscription gateway only on payment method changes. ([#22](https://github.com/pronamic/wp-pronamic-pay-memberpress/issues/22))
+
+Full set of changes: [`4.8.0...4.8.1`][4.8.1]
+
+[4.8.1]: https://github.com/pronamic/wp-pronamic-pay-memberpress/compare/v4.8.0...v4.8.1
+
 ## [4.8.0] - 2024-07-24
 
 ### Changed
diff --git a/package.json b/package.json
index da08e55..36b4eb4 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
 	"name": "memberpress",
-	"version": "4.8.0",
+	"version": "4.8.1",
 	"description": "MemberPress driver for the WordPress payment processing library.",
 	"repository": {
 		"type": "git",
diff --git a/pronamic-pay-memberpress.php b/pronamic-pay-memberpress.php
index aa03694..4212e14 100644
--- a/pronamic-pay-memberpress.php
+++ b/pronamic-pay-memberpress.php
@@ -4,7 +4,7 @@
  * Plugin URI: https://www.pronamic.eu/plugins/pronamic-pay-memberpress/
  * Description: Extend the Pronamic Pay plugin with MemberPress support to receive payments through a variety of payment providers.
  *
- * Version: 4.8.0
+ * Version: 4.8.1
  * Requires at least: 4.7
  * Requires PHP: 7.4
  *