diff --git a/packages/wallet-connectors/src/WalletConnect.ts b/packages/wallet-connectors/src/WalletConnect.ts
index d4b7237..ed1d28a 100644
--- a/packages/wallet-connectors/src/WalletConnect.ts
+++ b/packages/wallet-connectors/src/WalletConnect.ts
@@ -122,7 +122,8 @@ function serializeUpdateContractMessage(
 }
 
 /**
- * Convert schema into the object format expected by the Mobile crypto library.
+ * Convert schema into the object format expected by the Mobile crypto library (function 'parameter_to_json')
+ * which decodes the parameter before presenting it to the user for approval.
  * @param schema The schema object.
  */
 function convertSchemaFormat(schema: Schema | undefined) {
diff --git a/samples/contractupdate/src/useContractSchemaRpc.ts b/samples/contractupdate/src/useContractSchemaRpc.ts
index b398f2f..32ed83d 100644
--- a/samples/contractupdate/src/useContractSchemaRpc.ts
+++ b/samples/contractupdate/src/useContractSchemaRpc.ts
@@ -10,21 +10,31 @@ export interface SchemaRpcResult {
     schema: Schema;
 }
 
-function findCustomSections(m: WebAssembly.Module) {
+function findCustomSections(m: WebAssembly.Module, moduleVersion: number) {
     function getCustomSections(sectionName: string, schemaVersion: SchemaVersion | undefined) {
         const s = WebAssembly.Module.customSections(m, sectionName);
         return s.length === 0 ? undefined : { sectionName, schemaVersion, contents: s };
     }
-    // First look for embedded version, then v1, then v0. The "v"s being off by 1 is not an error.
-    return (
-        getCustomSections('concordium-schema', undefined) ||
-        getCustomSections('concordium-schema-v2', SchemaVersion.V1) ||
-        getCustomSections('concordium-schema-v1', SchemaVersion.V0)
-    );
+
+    // First look for section containing schema with embedded version, then "-v1" or "-v2" depending on the module version.
+    // See also comment in 'useContractSchemaRpc'.
+    switch (moduleVersion) {
+        case 0:
+            return (
+                getCustomSections('concordium-schema', undefined) || // always v0
+                getCustomSections('concordium-schema-v1', SchemaVersion.V0) // v0 (not a typo)
+            );
+        case 1:
+            return (
+                getCustomSections('concordium-schema', undefined) || // v1, v2, or v3
+                getCustomSections('concordium-schema-v2', SchemaVersion.V1) // v1 (not a typo)
+            );
+    }
+    return getCustomSections('concordium-schema', undefined); // expecting to find this section in future module versions
 }
 
-function findSchema(m: WebAssembly.Module): Result<SchemaRpcResult | undefined, string> {
-    const sections = findCustomSections(m);
+function findSchema(m: WebAssembly.Module, moduleVersion: 0 | 1): Result<SchemaRpcResult | undefined, string> {
+    const sections = findCustomSections(m, moduleVersion);
     if (!sections) {
         return ok(undefined);
     }
@@ -39,13 +49,25 @@ export function useContractSchemaRpc(rpc: ConcordiumGRPCClient, contract: Info)
     const [result, setResult] = useState<Result<SchemaRpcResult | undefined, string>>();
     useEffect(() => {
         ResultAsync.fromPromise(rpc.getModuleSource(new ModuleReference(contract.moduleRef)), errorString)
-            .andThen((r) => {
-                if (!r) {
+            .andThen(({ version, source }) => {
+                if (source.length === 0) {
                     return err('module source is empty');
                 }
-                return ResultAsync.fromPromise(WebAssembly.compile(r.source), errorString);
+                // The module can contain a schema in one of two different custom sections.
+                // The supported sections depend on the module version.
+                // The schema version can be either defined by the section name or embedded into the actual schema:
+                // - Both v0 and v1 modules support the section 'concordium-schema' where the schema includes the version.
+                //   - For v0 modules this is always a v0 schema.
+                //   - For v1 modules this can be a v1, v2, or v3 schema.
+                // - V0 modules additionally support section 'concordium-schema-v1' which always contain a v0 schema (not a typo).
+                // - V1 modules additionally support section 'concordium-schema-v2' which always contain a v1 schema (not a typo).
+                // The section 'concordium-schema' is the most common and is what the current tooling produces.
+                return ResultAsync.fromPromise(
+                    WebAssembly.compile(source).then((module) => ({ module, version })),
+                    errorString
+                );
             })
-            .andThen(findSchema)
+            .andThen(({ module, version }) => findSchema(module, version))
             .then(setResult);
     }, [contract, rpc]);
     return result;