`Failed PaymentConfiguration was not initialized` React Native Expo Android issue

For Stripe implementation in React Native I use the initStripe initialization method. The code is running without issue on iOS device, but on Android it shows an error whenever I tried to open the PaymentSheet.

This is the error I’m getting:

Error code: Failed PaymentConfiguration was not initialized. Call PaymentConfiguration.init().

This is the code for Checkout screen:

useEffect(() => {
    initStripe({
        publishableKey: api.stripe_key,
        urlScheme: "https://website.com/",
    });
}, []);

const initializePaymentSheet = async (fee: number) => {
    try {
        const response = await fetch(api.STRIPE_URL + "/create_payment_intent", {
            method: "POST",
            headers: {
                "Content-Type": "application/json",
                Authorization: "Bearer " + token,
            },
            body: JSON.stringify({
                amount: total.toFixed(2),
                customer: customer,
                application_fee_amount: appFee.toFixed(2),
                business_acc_id: account,
            }),
        });

        const { paymentIntent, ephemeralKey } = await response.json();
        const { error } = await initPaymentSheet({
            merchantDisplayName: "Lorem Ipsum",
            customerId: customer,
            customerEphemeralKeySecret: ephemeralKey,
            paymentIntentClientSecret: paymentIntent,
            allowsDelayedPaymentMethods: false,
            defaultBillingDetails: {
                name: 'Jhon Doe',
            },
            returnURL: "app://stripe-redirect",
        });

        if (!error) {
            setLoading(true);
        }
    } catch (e) {
        console.error(e);
    }
};

const openPaymentSheet = async () => {
    const { error } = await presentPaymentSheet();

    if (error) {
        console.log(`Error code: ${error.code}`, error.message);
    } else {
        console.log("Success", "Your order is confirmed!");
        setModalVisible(true);
    }
};

This is the package info:

"expo": "^52.0.0",
"@stripe/stripe-react-native": "0.38.6",

This is the screenshot from iOS simulator: Screenshot

Any idea why the payment is initializing in iOS properly but not on Android?