diff --git a/README.md b/README.md
index f9c909a68a..0139db1038 100644
--- a/README.md
+++ b/README.md
@@ -121,10 +121,10 @@ tox -e py37-core
 
 If for some reason it is not working, add `--recreate` params.
 
-`tox` is good for testing against the full set of build targets. But if you want to run the tests individually, `py.test` is better for development workflow. For example, to run only the tests in one file:
+`tox` is good for testing against the full set of build targets. But if you want to run the tests individually, `pytest` is better for development workflow. For example, to run only the tests in one file:
 
 ```sh
-py.test tests/core/gas-strategies/test_time_based_gas_price_strategy.py
+pytest tests/core/gas-strategies/test_time_based_gas_price_strategy.py
 ```
 
 ### Release setup
diff --git a/newsfragments/1483.doc.rst b/newsfragments/1483.doc.rst
new file mode 100644
index 0000000000..b66e6e57a4
--- /dev/null
+++ b/newsfragments/1483.doc.rst
@@ -0,0 +1 @@
+Remove outdated py.test command from readme