Apple CEO Tim Cook attends the 2022 Vanity Fair Oscar Party following the 94th Annual Academy Awards at Wallis Annenberg Center for the Performing Arts on March 27, 2022 in Beverly Hills, California.

Patrick T Fallon | AFP | Getty Images

European antitrust authorities accused Apple of restricting competitors’ access to its payments technology, a move that could potentially force it to change the way the company’s system works and slap the company with a hefty fine.

The European Commission said in a press release on Monday that it had “informed Apple of its preliminary view that it is abusing its dominant position in the markets for mobile wallets on iOS devices.”

The statement of objections that the Commission sent to Apple outlines alleged violations of European antitrust rules, but does not necessarily determine the final outcome of the investigation. Apple will have an opportunity to review and respond to the Commission’s findings.

The commission wrote that it found that Apple was increasing competition in…

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