diff --git a/build.gradle b/build.gradle
index 24f6202a..25d3ed4a 100644
--- a/build.gradle
+++ b/build.gradle
@@ -1,7 +1,7 @@
 plugins {
     id 'java-library'
     // to unleash the lombok magic
-    id "io.freefair.lombok" version "8.10.2"
+    id "io.freefair.lombok" version "8.11"
     // to make our tests output more fancy
     id 'com.adarshr.test-logger' version '4.0.0'
     // to publish packages
diff --git a/gradle.properties b/gradle.properties
index 7c8630e3..cd6db4e8 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,7 +1,7 @@
 # Main properties
 group=com.truelayer
 archivesBaseName=truelayer-java
-version=16.0.0
+version=16.0.1
 
 # Artifacts properties
 sonatype_repository_url=https://s01.oss.sonatype.org/service/local/
diff --git a/src/main/java/com/truelayer/java/Environment.java b/src/main/java/com/truelayer/java/Environment.java
index f0991dd9..d3c22e2c 100644
--- a/src/main/java/com/truelayer/java/Environment.java
+++ b/src/main/java/com/truelayer/java/Environment.java
@@ -1,6 +1,7 @@
 package com.truelayer.java;
 
 import java.net.URI;
+import java.text.MessageFormat;
 import lombok.*;
 
 @RequiredArgsConstructor(access = AccessLevel.PRIVATE)
@@ -13,6 +14,8 @@ public class Environment {
 
     private final URI hppUri;
 
+    private static final String PAYMENTS_API_DEFAULT_VERSION = "v3";
+
     /**
      * Builder for development environment
      * @return a development environment object
@@ -20,7 +23,7 @@ public class Environment {
     public static Environment development() {
         return new Environment(
                 URI.create("https://auth.t7r.dev"),
-                URI.create("https://api.t7r.dev"),
+                URI.create(MessageFormat.format("https://api.t7r.dev/{0}/", PAYMENTS_API_DEFAULT_VERSION)),
                 URI.create("https://payment.t7r.dev"));
     }
 
@@ -31,7 +34,8 @@ public static Environment development() {
     public static Environment sandbox() {
         return new Environment(
                 URI.create("https://auth.truelayer-sandbox.com"),
-                URI.create("https://api.truelayer-sandbox.com"),
+                URI.create(
+                        MessageFormat.format("https://api.truelayer-sandbox.com/{0}/", PAYMENTS_API_DEFAULT_VERSION)),
                 URI.create("https://payment.truelayer-sandbox.com"));
     }
 
@@ -42,7 +46,7 @@ public static Environment sandbox() {
     public static Environment live() {
         return new Environment(
                 URI.create("https://auth.truelayer.com"),
-                URI.create("https://api.truelayer.com"),
+                URI.create(MessageFormat.format("https://api.truelayer.com/{0}/", PAYMENTS_API_DEFAULT_VERSION)),
                 URI.create("https://payment.truelayer.com"));
     }
 
diff --git a/src/test/java/com/truelayer/java/EnvironmentTests.java b/src/test/java/com/truelayer/java/EnvironmentTests.java
index 28e2d344..88c67f3d 100644
--- a/src/test/java/com/truelayer/java/EnvironmentTests.java
+++ b/src/test/java/com/truelayer/java/EnvironmentTests.java
@@ -15,7 +15,7 @@ public void shouldCreateALiveEnvironment() {
 
         assertEquals("https://auth.truelayer.com", environment.getAuthApiUri().toString());
         assertEquals(
-                "https://api.truelayer.com", environment.getPaymentsApiUri().toString());
+                "https://api.truelayer.com/v3/", environment.getPaymentsApiUri().toString());
         assertEquals("https://payment.truelayer.com", environment.getHppUri().toString());
     }
 
@@ -25,7 +25,7 @@ public void shouldCreateADevelopmentEnvironment() {
         Environment environment = Environment.development();
 
         assertEquals("https://auth.t7r.dev", environment.getAuthApiUri().toString());
-        assertEquals("https://api.t7r.dev", environment.getPaymentsApiUri().toString());
+        assertEquals("https://api.t7r.dev/v3/", environment.getPaymentsApiUri().toString());
         assertEquals("https://payment.t7r.dev", environment.getHppUri().toString());
     }
 
@@ -38,7 +38,7 @@ public void shouldCreateASandboxEnvironment() {
                 "https://auth.truelayer-sandbox.com",
                 environment.getAuthApiUri().toString());
         assertEquals(
-                "https://api.truelayer-sandbox.com",
+                "https://api.truelayer-sandbox.com/v3/",
                 environment.getPaymentsApiUri().toString());
         assertEquals(
                 "https://payment.truelayer-sandbox.com", environment.getHppUri().toString());
diff --git a/src/test/java/com/truelayer/java/acceptance/PaymentsAcceptanceTests.java b/src/test/java/com/truelayer/java/acceptance/PaymentsAcceptanceTests.java
index 0bee4bf4..1e07ea6a 100644
--- a/src/test/java/com/truelayer/java/acceptance/PaymentsAcceptanceTests.java
+++ b/src/test/java/com/truelayer/java/acceptance/PaymentsAcceptanceTests.java
@@ -39,6 +39,7 @@
 import com.truelayer.java.versioninfo.LibraryInfoLoader;
 import java.net.URI;
 import java.nio.charset.StandardCharsets;
+import java.text.MessageFormat;
 import java.time.LocalDate;
 import java.util.*;
 import java.util.concurrent.ThreadLocalRandom;
@@ -824,8 +825,8 @@ private static AuthorizationFlowResponse startAuthorizationFlowWithRetry(String
         String requestJsonString = mapper.writeValueAsString(jsonNode);
 
         // build url
-        HttpUrl url = HttpUrl.parse(String.format(
-                "%s/payments/%s/authorization-flow",
+        HttpUrl url = HttpUrl.parse(MessageFormat.format(
+                "{0}payments/{1}/authorization-flow",
                 Environment.sandbox().getPaymentsApiUri().toString(), paymentId));
 
         RequestBody body = RequestBody.create(requestJsonString, MediaType.parse("application/json; charset=utf-8"));