In android market is there a subscription facility?

Question

Currently I Am developing an magazine reader app. In my app I want to provide the Subscription facility where user can have monthly subscriptions. I am having a doubt that is there a subscription facility in android market. I went through the Google docs.I fond that now its not available. But still I am having a doubt and little bit confused. Can any one tell me about this. Any help will be appreciated.I really want to clarify this for the further movement.