Ilium Software has released a free version of its password manager for iPhone and iPod users.

Image courtesy of Ilium Software

From the developer’s site:

We just got news that eWallet Lite for iPhone has finally been approved! You can get it for free in the App Store today! eWallet Lite is exactly the same as eWallet except that it only supports one wallet and ten cards and IT’S FREE! Other than that, it offers every feature the full version does, from the 256-bit AES encryption to the many choices for customizing your cards to the rich security options. You can even try synching your information by downloading the Windows desktop trial here.

As you’re probably aware, one of the challenges of the App Store is that they don’t offer a method of providing free trials for customers. It’s very hard for a customer to drop $10 on something they’ve never used before. We tried videos, and while we like the results, it just isn’t the same as actually getting your hands on the product.

So we create eWallet Lite. Now I realize this won’t be a big help to our existing eWallet customers, but for people who like the looks of eWallet but really want to try it first, it’s a great solution. In fact, it’s a pretty darn good solution for people who only maintain a small wallet. If you’re only keeping track of a handful of passwords or other important information, eWallet Lite is a great way to do it for free! All the quality and security of eWallet at the best price around!

So if you know someone who has wanted to try eWallet but just wasn’t ready to take the plunge and buy it, let them know that eWallet Lite is now available!

eWallet Lite is exactly the same as eWallet except that it only supports one wallet and ten cards, thus is a welcome for users willing to trial the application without spending the price for the full version. As admitted by the developer itself, this Lite version is a workaround, given that the App Store doesn’t offer a way to trial for free programs: I wish all workaround were like this one.

Visit this page for a full tour of the application, as well as for some demo videos.