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The phrase "payments of" is correct and usable in written English
It is typically used to refer to a payment that is being made, often of money. For example, "The company will make payments of $250 to each employee."
Exact(60)
Three easy payments of $59.95.
That would leave monthly payments of $465.
They demand payments of $250,000 apiece.
He makes monthly payments of $4,000.
Drivers would get bonus payments of up to £1,000.
New Jersey made net payments of $2,000.
Customized versions require down payments of tens of thousands of dollars.
Still involving the CSA, she managed to get monthly payments of £250 from him.
Oslo refused and suspended payments of €140m, while still distributing €13m through Őkotárs.
Getting those debt levels down was not a simple matter of making payments, of course.
He was said to have received payments of $3,000 to $7,000 for each meeting.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com