Social media platform Snapchat is planning to roll out paid subscriptions called 'Snapchat Plus' for users, in order to stabilise revenues as the company's profits take a hit after Apple introduced tough iOS privacy changes.

'Snapchat Plus' is currently in "early internal testing," reports The Verge. "We're doing early internal testing of Snapchat Plus, a new subscription service for Snapchatters," a company spokesperson was quoted as saying in the report late on Thursday.