** Shares of payments platform Flywire FLYW.O jump 13.5% to $20.75, hitting their highest in six months

** FLYW late Thursday forecast annual revenue to be between $495 mln and $503 mln, compared to its prior expectation of $483 mln to $506 mln

** JPM analysts say FLYW is "emerging from the fog created by Canada policy changes" and, most importantly, broke its streak of lowering its FY 2024 outlook

** Canadian higher education regulatory changes have reduced the number of international study permit applications

** That has created headwinds for FLYW, which processes international payments for educational institutions

** Meanwhile, Q3 revenue jumped 27.2% to $156.8 mln, driven by higher payment volumes within new and existing clients

** Q3 net income jumped to $38.9 mln from $10.6 mln a year earlier

** As of last close, FLYW shares down 21% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))