A Google Play app update has been making rounds on the internet. The updated Google Play 3.5.16 APK is available for download for Android devices. If you have not been seeing your purchased apps under My Apps, you should update to 3.5.16. Once you install the new Store app, you should be able to see all the purchased apps.
Installing Google Play 3.5.16
Step 0: On your device: navigate to Settings > Applications, and make sure “Unknown Sources” is enabled. It is required to be able to install apps manually.
Step 1: Download the app: Google_PlayV3.5.16.apk
Step 2: Place the downloaded file on your SD card.
Step 3: Install a File Manager on your device. You will find plenty of free as well as paid File Managers on Play Store.
Step 4: Once installed, open the file manager, browse and select the apk file from the SD card.
Step 5: Installation process will begin. Once it completes, you will have Play Store v3.5.16 installed.
If you encounter any problems during the installation process, do let us know in comments.