diff --git a/mingw-w64-python-pip/PKGBUILD b/mingw-w64-python-pip/PKGBUILD
index a8931b20e68d4..79f3ddfe63369 100644
--- a/mingw-w64-python-pip/PKGBUILD
+++ b/mingw-w64-python-pip/PKGBUILD
@@ -7,8 +7,8 @@ pkgname=("${MINGW_PACKAGE_PREFIX}-python-${_realname}")
 provides=("${MINGW_PACKAGE_PREFIX}-python3-${_realname}")
 conflicts=("${MINGW_PACKAGE_PREFIX}-python3-${_realname}")
 replaces=("${MINGW_PACKAGE_PREFIX}-python3-${_realname}")
-pkgver=23.2.1
-pkgrel=2
+pkgver=23.3.1
+pkgrel=1
 pkgdesc="The PyPA recommended tool for installing Python packages. (mingw-w64)"
 arch=('any')
 mingw_arch=('mingw32' 'mingw64' 'ucrt64' 'clang64' 'clang32' 'clangarm64')
@@ -28,7 +28,7 @@ source=(
   "${_realname}-${pkgver}.tar.gz::https://pypi.org/packages/source/${_realname::1}/${_realname}/${_realname}-${pkgver}.tar.gz"
   "0001-use-system-distlib.patch"
 )
-sha256sums=('fb0bd5435b3200c602b5bf61d2d43c2f13c02e29c1707567ae7fbc514eb9faf2'
+sha256sums=('1fcaa041308d01f14575f6d0d2ea4b75a3e2871fe4f9c694976f908768e14174'
             'c7f98690afa60e59324f1ce52e72bd7809cbfaba4e29a2d933f08c1a025f8246')
 
 prepare() {