The micellization of dilauryldimethylammonium bromide (DLDMAB) in water was studied by using surface tension measurements. The critical micellar concentration (CMC) was determined at 25°C, 32°C and 40°C and thermodynamic parameters such as the free energy of micellization (∆G°mic), enthalpy (∆H°mic), and entropy (∆S°mic) of micellization were measured. The CMC at 25°C was 4.93 x 10-5 M and the corresponding values of the thermodynamic parameters were: ∆G°mic = -5.87 kcal/mol; ∆H°mic = -1.12 kcal/mol and ∆S°mic = +16.00 e.u. Micelles of the surfactant DLDMAB act as catalysts for the alkaline hydrolysis of p-nitrophenyl diphenyl phosphate (NPDPP) with a maximum catalytic factor of approximately 120 compared to 80 for CTAB. Typical activation parameters measured for 1.00 x 10-3 M surfactant and 0.005 M NaOH were: Ea = 9.7 kcal/mo/; ∆H°≠ = 9.1 kcal/mol; ∆G°≠ = 19.6 kcal/mol and ∆S°≠ = -33.9 e.u. The kinetic results were also analyzed in terms of the pseudo-phase ion-exchange models (PPIE) and showed that the model is applicable to describe the experimental results.