"Instagram is working on 'Donation' sticker. It lets users start fundraisers for their favourite non-profits," tipster Jane Manchun Wong tweeted on Monday.
"Over the past few years, Instagram has been experimenting with what payments would look like on the platform, but it has so far only released test features to allow select users to book spa appointments and restaurant reservations," The Verge reported.
Instagram has also been developing a standalone app for shopping indicating the possibility for payment functionalities to also exist on Stories, the media has reported.
Since Instagram has not officially addressed the subject as yet, whether or not donation sticker rolls out to the public still remains unclear.
Earlier, an Instagram bug was discovered, which was changing the follower count for a number of the service's users.
Instagram had confirmed the bug on Wednesday and informed via Twitter that the company was working to resolve the issue as soon as possible. Several Indian public figures, influencers and pages took to Instagram and Twitter to complain about the glitch.
The drastic drop in followers caused some users to wonder if Instagram was culling inactive and fake accounts, as part of its fight against spam, TechCrunch reported.