The VoIP-on-the-iPhone saga continues, with Raketu Communications’ new offering. The web application, which works for both the iPhone and iPod Touch, is entirely web-based iphone.raketu.com. Customers can create an account, make a payment and then use the minutes purchased to make calls.

The application can also be used to send SMS and e-mails, according to Raketu.

Raketu offers low-cost and free international calling rates, the key lure to using the iPhone to make VoIP calls.

“Whether you are traveling internationally this holiday season, or simply shopping in New York and want to reach out to people you love overseas, Raketu says ‘Now You Can’ without the slightest pinch to your pocketbook,” said Greg Parker, president and CEO of Raketu. “While you’re at it, SMS Text your friends in Japan, then email your brother in San Francisco. Raketu’s iPhone Application does it all.”

The application requires no downloads.

Jajah and Avaya also offer VoIP applications and software for the iPhone.

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