diff --git a/README.md b/README.md
index 35aa2a0..dcb80f1 100644
--- a/README.md
+++ b/README.md
@@ -1,6 +1,6 @@
 # ProductList Module
 [![Latest Stable Version](https://poser.pugx.org/spryker/product-list/v/stable.svg)](https://packagist.org/packages/spryker/product-list)
-[![Minimum PHP Version](https://img.shields.io/badge/php-%3E%3D%207.3-8892BF.svg)](https://php.net/)
+[![Minimum PHP Version](https://img.shields.io/badge/php-%3E%3D%207.4-8892BF.svg)](https://php.net/)
 
 ProductList provides infrastructure and functionality to handle white/black lists of a concrete products for a specific merchants.
 
diff --git a/composer.json b/composer.json
index 041c610..4cd02c9 100644
--- a/composer.json
+++ b/composer.json
@@ -4,7 +4,7 @@
     "description": "ProductList module",
     "license": "proprietary",
     "require": {
-        "php": ">=7.3",
+        "php": ">=7.4",
         "spryker/cart-extension": "^1.5.0 || ^2.1.0 || ^4.0.0",
         "spryker/category": "^3.0.0 || ^4.0.0 || ^5.0.0",
         "spryker/kernel": "^3.33.0",