We report the experimental implementation of discrete-time topological quantum walks of a Bose-Einstein condensate in momentum space. Introducing stroboscopic driving sequences to the generation of a momentum lattice, we show that the dynamics of atoms along the lattice is effectively governed by a periodically driven Su-Schrieffer-Heeger model, which is equivalent to a discrete-time topological quantum walk. We directly measure the underlying topological invariants through time-averaged mean chiral displacements, which are consistent with our experimental observation of topological phase transitions. We then observe interaction-induced localization in the quantum-walk dynamics, where atoms tend to populate a single momentum-lattice site under interactions that are nonlocal in momentum space. Our experiment opens up the avenue of investigating discrete-time topological quantum walks using cold atoms, where the many-body environment and tunable interactions offer exciting new possibilities.