We are glad to inform you that you can change the current version of PHP even in a shared hosting environment. This is free of charge for all our clients, as a complimentary service that we offer via cPanel. In order to perform the change, please follow these steps:
Access your cPanel account
Access Select PHP Version from Software and Services section
On this page you can see and manipulate the drop-down menu with the current version of PHP, you can select the version you prefer and press the Set as a current button. The last thing to do to be performed is to press the Save button on the bottom of the page.