Quantum walks represent paradigmatic quantum evolutions, enabling powerful applications in the context of topological physics and quantum computation. They have been implemented in diverse photonic architectures, but the realization of a two-particle dynamics on a multi-dimensional lattice has hitherto been limited to continuous-time evolutions. To fully exploit the computational capabilities of quantum interference it is crucial to develop platforms handling multiple photons that propagate across multi-dimensional lattices. Here, we report a discrete-time quantum walk of two correlated photons in a two-dimensional lattice, synthetically engineered by manipulating a set of optical modes carrying quantized amounts of transverse momentum. Mode-couplings are introduced via the polarization-controlled diffractive action of thin geometric-phase optical elements. The entire platform is compact, efficient, scalable, and represents a versatile tool to simulate quantum evolutions on complex lattices. We expect that it will have a strong impact on diverse fields such as quantum state engineering, topological quantum photonics, and Boson Sampling.