Apple was accused by EU antitrust officials on Monday of preventing rivals' access to its NFC chip technology, a move that may result in a heavy punishment for the iPhone manufacturer and force it to expose its mobile payment system to competitors. The European Commission said that it had handed Apple a charge sheet known as a statement of objections outlining how the corporation had exploited its dominant position in markets for mobile wallets on iOS devices. "We have indications that Apple restricted third-party access to key technology necessary to develop rival mobile wallet solutions on Apple's devices," EU antitrust chief Margrethe Vestager said in a statement. "In our statement of objections, we preliminarily found that Apple may have restricted competition, to the benefit of its own solution Apple Pay," she said. Read This:-What Is BeReal : that ensures original imagery Apple stated that it will continue to work with the Commission. "Apple Pay is merely one of several payment alternatives accessible to European consumers," the business said in a statement. "Apple Pay has provided equitable access to NFC while maintaining industry-leading standards for privacy and security." The Commission's decision to submit a charge sheet to Apple, known as a statement of objections, verified a Reuters article published in October of last year.