Determine Payment Gateway by Location

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We need to choose a different payment gateway based on customer location or country in the billing address.


MercadoPago works well for customers with credit cards in certain countries in Latin America, but almost always rejects credit cards from customers abroad, where Paypal works much better (US, Europe, etc).


We would like to offer the MercadoPago payment gateway to our Latin American customers, and Paypal -only- to our customers abroad. We do not want to offer MercadoPago for customers abroad and we don't want to offer Paypal for customer in Latam.


Any idea on how to accomplish this? 


Thank you!