Ammonia borane (AB, NH3BH3) with the high H2 content has been regarded as a promising material for chemical hydrogen storage. AB can hydrolyze to release H2 under the catalysis of noble-metal catalysts with high activity, but the high cost of noble-metals and their poor long-term stability prohibit the large-scale applications. Developing more cost-effective and stable catalysts by introducing cheap transition metal elements has been a promising strategy. Herein, we adopted a step-by-step precipitation method to synthesize bimetallic Pt-Co catalysts supported on rutile TiO2, which show significantly improved performance in AB hydrolysis reaction. The optimized 0.9Pt3.5Co/TiO2 catalyst (with the Pt and Co loadings of 0.9 and 3.5 wt%, respectively) exhibits an extremely high H2 generation rate, showing a turnover frequency value of 2163 molH2 molPt-1 min−1 at 298 K, 9 times higher than that of 0.9Pt/TiO2 catalyst and superior to those of most of the reported Pt-based catalysts. Structure characterizations and theoretical calculations reveal that the promoted AB hydrolysis performance arises from the interfacial synergistic effect between the supported Pt3Co alloy and cobalt oxide CoO, which accelerates the B-H bond cleavage and water activation, respectively. The excellent AB hydrolysis performance of the Pt-Co catalysts indicates the great prospects of alloy-oxide interfaces in the field of liquid phase chemical hydrogen storage.