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What is the difference between Alipay installment and China Merchants Bank credit card installment?

Same.

Just because I was shopping on Taobao, I switched to Alipay installment payment:

Alipay announced that it has launched credit card installment payment services in conjunction with five banks, China Merchants Bank, Bank of China, Agricultural Bank of China, Ping An, and Shenzhen Development Bank. When shopping on Taobao and Tmall, orders with an amount of more than 600 yuan (including 600 yuan) can apply for installment in real time.

It is reported that the credit cards of the five banks currently support slightly different installments. Bank of China and Agricultural Bank of China support four installments: 3, 6, 9, and 12, while China Merchants Bank, Ping An, and The three banks of Shenzhen Development Bank support three tranches, 6 tranches and 12 tranches, each of which is one month.