diff --git a/android/app/build.gradle b/android/app/build.gradle
index e802a525138c..b5415c561430 100644
--- a/android/app/build.gradle
+++ b/android/app/build.gradle
@@ -148,8 +148,8 @@ android {
         minSdkVersion rootProject.ext.minSdkVersion
         targetSdkVersion rootProject.ext.targetSdkVersion
         multiDexEnabled rootProject.ext.multiDexEnabled
-        versionCode 1001005503
-        versionName "1.0.55-3"
+        versionCode 1001005600
+        versionName "1.0.56-0"
     }
     splits {
         abi {
diff --git a/fastlane/Fastfile b/fastlane/Fastfile
index e3f786da52f0..16b6c9417946 100644
--- a/fastlane/Fastfile
+++ b/fastlane/Fastfile
@@ -113,8 +113,15 @@ platform :ios do
 
     upload_to_testflight(
         api_key_path: "./ios/ios-fastlane-json-key.json",
-        distribute_external: true,
-        reject_build_waiting_for_review: true,
+        # TODO: Remove skip_waiting_for_build_processing when https://github.com/fastlane/fastlane/issues/18408 is resolved
+        # See: https://github.com/Expensify/Expensify.cash/pull/1984 for more information
+        skip_waiting_for_build_processing: true,
+        # TODO: Set distribute_external back to true when https://github.com/fastlane/fastlane/issues/18408 is resolved
+        # See: https://github.com/Expensify/Expensify.cash/pull/1984 for more information
+        distribute_external: false,
+        # TODO: Set reject_build_waiting_for_review back to true when https://github.com/fastlane/fastlane/issues/18408 is resolved
+        # See: https://github.com/Expensify/Expensify.cash/pull/1984 for more information
+        reject_build_waiting_for_review: false,
         changelog: "Thank you for beta testing Expensify.cash, this version includes bug fixes and improvements.",
         groups: ["Beta"],
         demo_account_required: true,
@@ -129,15 +136,6 @@ platform :ios do
         }
     )
 
-    # TODO: Remove this Exception handling when https://github.com/fastlane/fastlane/issues/18408 is resolved
-    # See: https://github.com/Expensify/Expensify.cash/pull/3166 for more information
-    rescue Exception => e
-      if e.message.include? "Another build is in review"
-        UI.important("Another build is already in external beta review. Skipping external beta review submission")
-      else
-        raise
-      end
-
     upload_symbols_to_crashlytics(
       dsym_path: lane_context[SharedValues::DSYM_OUTPUT_PATH],
       gsp_path: "./ios/GoogleService-Info.plist",
diff --git a/ios/ExpensifyCash/Info.plist b/ios/ExpensifyCash/Info.plist
index f01049be3daf..470b05c36b13 100644
--- a/ios/ExpensifyCash/Info.plist
+++ b/ios/ExpensifyCash/Info.plist
@@ -17,7 +17,7 @@
 	<key>CFBundlePackageType</key>
 	<string>APPL</string>
 	<key>CFBundleShortVersionString</key>
-	<string>1.0.55</string>
+	<string>1.0.56</string>
 	<key>CFBundleSignature</key>
 	<string>????</string>
 	<key>CFBundleURLTypes</key>
@@ -30,7 +30,7 @@
 		</dict>
 	</array>
 	<key>CFBundleVersion</key>
-	<string>1.0.55.3</string>
+	<string>1.0.56.0</string>
 	<key>ITSAppUsesNonExemptEncryption</key>
 	<false/>
 	<key>LSApplicationQueriesSchemes</key>
diff --git a/ios/ExpensifyCashTests/Info.plist b/ios/ExpensifyCashTests/Info.plist
index d02c593cf301..40cb60733192 100644
--- a/ios/ExpensifyCashTests/Info.plist
+++ b/ios/ExpensifyCashTests/Info.plist
@@ -15,10 +15,10 @@
 	<key>CFBundlePackageType</key>
 	<string>BNDL</string>
 	<key>CFBundleShortVersionString</key>
-	<string>1.0.55</string>
+	<string>1.0.56</string>
 	<key>CFBundleSignature</key>
 	<string>????</string>
 	<key>CFBundleVersion</key>
-	<string>1.0.55.3</string>
+	<string>1.0.56.0</string>
 </dict>
 </plist>
diff --git a/package-lock.json b/package-lock.json
index 721e1662b0cf..2938093d2bdc 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
   "name": "expensify.cash",
-  "version": "1.0.55-3",
+  "version": "1.0.56-0",
   "lockfileVersion": 1,
   "requires": true,
   "dependencies": {
diff --git a/package.json b/package.json
index 6f5e12ee855d..17f6e9fe269a 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "expensify.cash",
-  "version": "1.0.55-3",
+  "version": "1.0.56-0",
   "author": "Expensify, Inc.",
   "homepage": "https://expensify.cash",
   "description": "Expensify.cash is the next generation of Expensify: a reimagination of payments based atop a foundation of chat.",
