Said that I made a payment of $1950.00 to a person M KHAN on the same day I received the SMS, but I never made any payments.

Scammer SMS don’t click the link

Your payment of $1950.00 to M KHAN has been held for security. If this was NOT you call us immediately on 1800 841 785. Reference: FR25019

Don't know the name or the company "WISE" or this M Khan.
Reported to the ATO & ACCC for scam

"Your payment of $1950.00 to M KHAN has been held for security. If this was NOT you call us immediately on 1800 841 785"
Also included a reference number to "quote"

Got a SMS saying that they are holding $1,950 for a payment to M Khan that I never made.

I had the exact same message too

As above and exact same amount. Quoted a reference number as well.
'Your payment of $1950.00 to M KHAN has been held for security. If this was NOT you call us immediately on 1800 841 785. Reference: XXxxxxx

Received this text messsge:

Your payment of $1950.00 to M KHAN has been held for security. If this was NOT you call us immediately on 1800 841 785. Reference: FR25019

Got the exact same text. Same name and $ amount

Got same message at 11.53 today