** Payments platform Paysafe's PSFE.N shares jump 20.5% to $14.18

** PSFE reports Q2 profit above Wall Street expectations after missing in the prior quarter

** "We remain on track to drive stronger growth and margin improvement in the second half of the year" - CEO Bruce Lowthers

** J.P. Morgan analyst Thomas Egan says, "following slight misses over the last two quarters, the market was somewhat relieved to see PSFE hit estimates"

** RBC Capital Markets analyst Daniel Perlin says, PSFE’s transition is progressing on track and with several positive factors continuing to play out across sales momentum, new products and geographic expansion

** One of seven brokerages rate the stock "strong buy", five "hold" and one "sell"; median PT $14.65 - data compiled by LSEG

** As of last close, PSFE stock down 31.2% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))