Westpac Banking Corporation (ASX:WBC) is believed to be closing in on Tyro Payments Limited (ASX:TYR), but it is not the only group still looking at the eftpos payments terminal provider, sources said. Another company is believed to be in the data room set up by the $771 million Australian listed merchant terminal business. DataRoom understands that earlier, Moneris Solutions Corporation was in informal talks to buy Tyro, so it could well be the suitor.

Goldman Sachs appears to be involved in the Tyro pursuit and may be at the side of the interested party. Despite the interest from another suitor, Westpac is still seen as the clear front runner. National Australia Bank Limited (ASX:NAB) is understood to be long gone after coming close to buying Tyro earlier.