The performance of nickel and platinum bimetallic nanoparticles (NPs) supported on potassium niobate (KNbO3) is evaluated in the catalytic hydrolysis of sodium borohydride (NaBH4) to generate hydrogen (H2). KNbO3 was synthesized via a hydrothermal route using Nb2O5 and KOH as precursors. X-ray diffraction (XRD) confirmed the crystalline orthorhombic structure of KNbO3. The Ni/Pt NPs, with an average size of 4.66 nm and a spherical morphology, were uniformly dispersed on the surface of KNbO3 nanosheets. The N2 physisorption isotherms of KNbO3 and Ni/Pt NPs were classified as type V with H3 hysteresis, showing specific surface areas of 0.170 and 2.87 m2 g−1, respectively. Catalytic performance studies examined various Ni/Pt molar ratios, with the 1:3 ratio (mol/mol) demonstrating the highest efficiency. Kinetic analysis of NaBH4 hydrolysis showed that the data fit the pseudo-first-order model. An increase in temperature enhanced the hydrogen generation rate (HGR), reaching 2068.3 mL gcat−1 min−1 at 315.05 K. The apparent activation energy (Ea) was determined to be 29.9 kJ mol−1. Durability assays showed only an 11% decrease in activity after 11 catalytic cycles. Thus, a promising, easy-to-synthesize, and environmentally friendly catalyst for NaBH4 hydrolysis has been developed.