diff --git a/.github/workflows/rust.yml b/.github/workflows/rust.yml
index d44c005..459f63c 100644
--- a/.github/workflows/rust.yml
+++ b/.github/workflows/rust.yml
@@ -40,7 +40,7 @@ jobs:
     runs-on: ubuntu-latest
     strategy:
       matrix:
-        rust: [stable, beta, nightly, 1.41.1]
+        rust: [stable, beta, nightly, 1.48.0]
     steps:
       - name: Checkout Crate
         uses: actions/checkout@v2
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 189422b..b9337ba 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,7 @@
+# Unreleased
+
+* Bump MSRV to 1.48
+
 # 0.27.0 - 2023-03-15
 
 * [Depend on newly release `bitcoin_hashes` v0.12](https://github.com/rust-bitcoin/rust-secp256k1/pull/588).
diff --git a/README.md b/README.md
index 6b854bb..a910125 100644
--- a/README.md
+++ b/README.md
@@ -20,7 +20,7 @@ Contributions to this library are welcome. A few guidelines:
 * Any breaking changes must have an accompanied entry in CHANGELOG.md
 * No new dependencies, please.
 * No crypto should be implemented in Rust, with the possible exception of hash functions. Cryptographic contributions should be directed upstream to libsecp256k1.
-* This library should always compile with any combination of features on **Rust 1.41.1**.
+* This library should always compile with any combination of features on **Rust 1.48.0**.
 
 ### Githooks
 
diff --git a/clippy.toml b/clippy.toml
index 799264e..11d46a7 100644
--- a/clippy.toml
+++ b/clippy.toml
@@ -1 +1 @@
-msrv = "1.41.1"
+msrv = "1.48.0"
diff --git a/contrib/test.sh b/contrib/test.sh
index 2675a15..bccfd5e 100755
--- a/contrib/test.sh
+++ b/contrib/test.sh
@@ -13,11 +13,6 @@ if cargo --version | grep nightly; then
     NIGHTLY=true
 fi
 
-if cargo --version | grep "1\.41"; then
-    # 1.8.x uses constfns which aren't supported in 1.41
-    cargo update -p half --precise 1.7.0
-fi
-
 # Test if panic in C code aborts the process (either with a real panic or with SIGILL)
 cargo test -- --ignored --exact 'tests::test_panic_raw_ctx_should_terminate_abnormally' 2>&1 | tee /dev/stderr | grep "SIGILL\\|panicked at '\[libsecp256k1\]"
 
diff --git a/secp256k1-sys/CHANGELOG.md b/secp256k1-sys/CHANGELOG.md
index 0899675..c6a1789 100644
--- a/secp256k1-sys/CHANGELOG.md
+++ b/secp256k1-sys/CHANGELOG.md
@@ -1,3 +1,7 @@
+# Unreleased
+
+* Bump MSRV to 1.48
+
 # 0.8.1 - 2023-03-16
 
 * [Implement `insecure-erase`](https://github.com/rust-bitcoin/rust-secp256k1/pull/582).
diff --git a/secp256k1-sys/README.md b/secp256k1-sys/README.md
index 2684d4c..0872ebc 100644
--- a/secp256k1-sys/README.md
+++ b/secp256k1-sys/README.md
@@ -33,3 +33,6 @@ If you want to compile this library without using the bundled symbols (which may
 be required for integration into other build systems), you can do so by adding
 `--cfg=rust_secp_no_symbol_renaming'` to your `RUSTFLAGS` variable.
 
+## Minimum Supported Rust Version
+
+This library should always compile with any combination of features on **Rust 1.48.0**.