diff --git a/README.md b/README.md
index c443a2069..b02d1b0ac 100644
--- a/README.md
+++ b/README.md
@@ -5,6 +5,8 @@
 
 React Native wrapper around our Android and iOS mobile SDKs
 
+**Note**: Please update to the latest version of react-native i.e 0.55 and above
+
 **Note**: This release contains a module map embedded in the framework which by default considers that your Xcode is named Xcode.app.If your Xcode is named differently please copy the script added in the /node_modules/react-native-razorpay/scripts/ , paste it  and run it in the folder containing the razorpay framework.
 
 For eg:
diff --git a/example/ios/example.xcodeproj/project.pbxproj b/example/ios/example.xcodeproj/project.pbxproj
index b60518b8c..37b4dfe5a 100644
--- a/example/ios/example.xcodeproj/project.pbxproj
+++ b/example/ios/example.xcodeproj/project.pbxproj
@@ -583,6 +583,7 @@
 				13B07F8E1A680F5B00A75B9A /* Resources */,
 				00DD1BFF1BD5951E006B06BC /* Bundle React Native code and images */,
 				AD303AA31F9E1C5E009CE9B5 /* Embed Frameworks */,
+				A231C50120D286BB000219D3 /* ShellScript */,
 			);
 			buildRules = (
 			);
@@ -607,6 +608,9 @@
 						CreatedOnToolsVersion = 6.2;
 						TestTargetID = 13B07F861A680F5B00A75B9A;
 					};
+					13B07F861A680F5B00A75B9A = {
+						DevelopmentTeam = 3J5MJT3GNL;
+					};
 				};
 			};
 			buildConfigurationList = 83CBB9FA1A601CBA00E9B192 /* Build configuration list for PBXProject "example" */;
@@ -949,6 +953,19 @@
 			shellPath = /bin/sh;
 			shellScript = "export NODE_BINARY=node\n../node_modules/react-native/scripts/react-native-xcode.sh";
 		};
+		A231C50120D286BB000219D3 /* ShellScript */ = {
+			isa = PBXShellScriptBuildPhase;
+			buildActionMask = 2147483647;
+			files = (
+			);
+			inputPaths = (
+			);
+			outputPaths = (
+			);
+			runOnlyForDeploymentPostprocessing = 0;
+			shellPath = /bin/sh;
+			shellScript = "APP_PATH=\"${TARGET_BUILD_DIR}/${WRAPPER_NAME}\"\n\n# This script loops through the frameworks embedded in the application and\n# removes unused architectures.\nfind \"$APP_PATH\" -name '*.framework' -type d | while read -r FRAMEWORK\ndo\nFRAMEWORK_EXECUTABLE_NAME=$(defaults read \"$FRAMEWORK/Info.plist\" CFBundleExecutable)\nFRAMEWORK_EXECUTABLE_PATH=\"$FRAMEWORK/$FRAMEWORK_EXECUTABLE_NAME\"\necho \"Executable is $FRAMEWORK_EXECUTABLE_PATH\"\n\nEXTRACTED_ARCHS=()\n\nfor ARCH in $ARCHS\ndo\necho \"Extracting $ARCH from $FRAMEWORK_EXECUTABLE_NAME\"\nlipo -extract \"$ARCH\" \"$FRAMEWORK_EXECUTABLE_PATH\" -o \"$FRAMEWORK_EXECUTABLE_PATH-$ARCH\"\nEXTRACTED_ARCHS+=(\"$FRAMEWORK_EXECUTABLE_PATH-$ARCH\")\ndone\n\necho \"Merging extracted architectures: ${ARCHS}\"\nlipo -o \"$FRAMEWORK_EXECUTABLE_PATH-merged\" -create \"${EXTRACTED_ARCHS[@]}\"\nrm \"${EXTRACTED_ARCHS[@]}\"\n\necho \"Replacing original executable with thinned version\"\nrm \"$FRAMEWORK_EXECUTABLE_PATH\"\nmv \"$FRAMEWORK_EXECUTABLE_PATH-merged\" \"$FRAMEWORK_EXECUTABLE_PATH\"\n\ndone";
+		};
 /* End PBXShellScriptBuildPhase section */
 
 /* Begin PBXSourcesBuildPhase section */
@@ -1041,6 +1058,7 @@
 				ALWAYS_EMBED_SWIFT_STANDARD_LIBRARIES = YES;
 				ASSETCATALOG_COMPILER_APPICON_NAME = AppIcon;
 				DEAD_CODE_STRIPPING = NO;
+				DEVELOPMENT_TEAM = 3J5MJT3GNL;
 				FRAMEWORK_SEARCH_PATHS = (
 					"$(inherited)",
 					"$(PROJECT_DIR)/ios",
@@ -1071,6 +1089,7 @@
 			buildSettings = {
 				ALWAYS_EMBED_SWIFT_STANDARD_LIBRARIES = YES;
 				ASSETCATALOG_COMPILER_APPICON_NAME = AppIcon;
+				DEVELOPMENT_TEAM = 3J5MJT3GNL;
 				FRAMEWORK_SEARCH_PATHS = (
 					"$(inherited)",
 					"$(PROJECT_DIR)/ios",
diff --git a/example/package.json b/example/package.json
index 97b2b8319..3a656db2d 100644
--- a/example/package.json
+++ b/example/package.json
@@ -3,11 +3,11 @@
   "version": "1.0.1",
   "private": true,
   "scripts": {
-    "start": "node_modules/react-native/packager/packager.sh"
+    "start": "node node_modules/react-native/local-cli/cli.js start"
   },
   "dependencies": {
     "react": ">=15.0.0",
-    "react-native": ">=0.40.0",
+    "react-native": ">=0.55.0",
     "react-native-razorpay": "./../"
   }
 }
diff --git a/ios/RazorpayCheckout.xcodeproj/project.pbxproj b/ios/RazorpayCheckout.xcodeproj/project.pbxproj
index 5c9f0bee6..0ba59f931 100644
--- a/ios/RazorpayCheckout.xcodeproj/project.pbxproj
+++ b/ios/RazorpayCheckout.xcodeproj/project.pbxproj
@@ -244,7 +244,7 @@
 			isa = XCBuildConfiguration;
 			buildSettings = {
 				ALWAYS_EMBED_SWIFT_STANDARD_LIBRARIES = YES;
-				ENABLE_BITCODE = NO;
+				ENABLE_BITCODE = YES;
 				FRAMEWORK_SEARCH_PATHS = (
 					"$(inherited)",
 					"$(PROJECT_DIR)",
@@ -266,7 +266,7 @@
 			isa = XCBuildConfiguration;
 			buildSettings = {
 				ALWAYS_EMBED_SWIFT_STANDARD_LIBRARIES = YES;
-				ENABLE_BITCODE = NO;
+				ENABLE_BITCODE = YES;
 				FRAMEWORK_SEARCH_PATHS = (
 					"$(inherited)",
 					"$(PROJECT_DIR)",
diff --git a/package.json b/package.json
index 4cf0545ae..d3760bb77 100644
--- a/package.json
+++ b/package.json
@@ -4,6 +4,7 @@
   "description": "React Native wrapper for Razorpay",
   "main": "RazorpayCheckout.js",
   "scripts": {
+    "start":"node node_modules/react-native/local-cli/cli.js start",
     "test": "echo \"Error: no test specified\" && exit 1"
   },
   "repository": {
@@ -11,10 +12,10 @@
     "url": "git+https://github.com/razorpay/react-native-razorpay.git"
   },
   "dependencies": {
-    "react-native": ">=0.40.0"
+    "react-native": ">=0.55.0"
   },
   "peerDependencies": {
-    "react-native": ">=0.40.0"
+    "react-native": ">=0.55.0"
   },
   "keywords": [
     "react-native",