diff --git a/mingw-w64-python-pip/PKGBUILD b/mingw-w64-python-pip/PKGBUILD
index 4c1e1e94ce..c241fca86c 100644
--- a/mingw-w64-python-pip/PKGBUILD
+++ b/mingw-w64-python-pip/PKGBUILD
@@ -4,8 +4,8 @@
 _realname=pip
 pkgbase=mingw-w64-python-${_realname}
 pkgname=("${MINGW_PACKAGE_PREFIX}-python-${_realname}")
-pkgver=24.1.2
-pkgrel=4
+pkgver=24.3.1
+pkgrel=1
 pkgdesc="The PyPA recommended tool for installing Python packages. (mingw-w64)"
 arch=('any')
 mingw_arch=('mingw32' 'mingw64' 'ucrt64' 'clang64' 'clangarm64')
@@ -27,7 +27,7 @@ source=(
   "0001-use-system-distlib.patch"
   "0002-only-warn-for-externally-managed.patch"
 )
-sha256sums=('e5458a0b89f2755e0ee8c0c77613fe5273e05f337907874d64f13171a898a7ff'
+sha256sums=('ebcb60557f2aefabc2e0f918751cd24ea0d56d8ec5445fe1807f1d2109660b99'
             'c7f98690afa60e59324f1ce52e72bd7809cbfaba4e29a2d933f08c1a025f8246'
             'be196f12feee11fe1caccbdeff9a31ac077120de7b6e85679ea54b6dd2df8f5b')